Rpi Summer Street LLC Acquires Office Property In Boston For $7.95M

A commercial office property located at 74-78 Summer St in Boston, MA has been sold. The property spans a total of 22,755 square feet and was sold for a price of $7,950,000, equating to a price per square foot of $349. The transaction took place on October 7, 2021. The buyer of the property is Rpi Summer Street Llc, while the seller is Yoram Katz. The sale of this office asset involved 5 individual units, with each unit valued at $1,590,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,950,000
• Units: 5
• Price per Unit: $1,590,000
• Total Square Footage: 22,755
• Price per Square Foot: $349
• Date: October 7, 2021
• Buyer: Rpi Summer Street Llc
• Seller: Yoram Katz

The sale of this commercial office property at 74-78 Summer St in Boston, MA involved the buyer, Rpi Summer Street Llc, and the seller, Yoram Katz. This transaction highlights the ongoing activity in the Boston office market and demonstrates the value of this well-located property.