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7 Post Office Square Boston...

Azora Exan Capital Acquires 7 Post Office Square Office Building In Boston
SOLDOffice

Azora Exan Capital Acquires 7 Post Office Square Office Building In Boston

7 Post Office Square Boston, MA 02110, USA

$41,000,000

$638/SF

Building Size

64,246 SF

Asset Type

Office

Closing

Aug 31, 2023

AI

Azora Exan Capital has acquired the 64,246-square-foot office building located at 7 Post Office Square in Boston, Massachusetts, from Nuveen Real Estate for a total sale price of $41,000,000. JLL facilitated the transaction as the broker representative for both the buyer and the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $41,000,000
  • Square Footage: 64,246
  • Address: 7 Post Office Square, Boston, MA
  • Market: Boston, MA

The buyer, Azora Exan Capital, represented by Ignacio Gil-Casares and Nicolas Guemes, successfully acquired the office building. Nuveen Real Estate, with Dave Dyer and Ines Olesen as their representatives, was the seller in the deal. The transaction was facilitated by JLL, with Brooke Howard, Chris Angelone, Coleman Benedict, Rachel Bliss, Scott Carpenter, and Scott Tully Jr acting as the brokers on behalf of both parties.

Players

Coleman Benedict

JLL

Broker

$585.1M

vol

8 deals

Broker

Ines Olesen

Nuveen

Seller

$102.8M

vol

2 deals

Seller
Nuveen
NuveenSeller
Nuveen
NuveenLender

Boston Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93