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.
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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