Updated Dec 4, 2024
CARR Properties Acquires Office Building In Downtown Crossing For $242.5M
75-101 Federal St, Boston, MA 02110, USA
$242,500,000
$284/SF
Building Size
853,319 SF
Asset Type
Office
Closing
Mar 12, 2020
About this deal
AI
The office property located at 75-101 Federal Street in Downtown Crossing has been sold for a total of $242,500,000. The property spans a total area of 853,319 square feet, resulting in a price per square foot of $568.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $242,500,000
- Address: 75-101 Federal Street
- Market: Downtown Crossing
The seller of the property is the Rockpoint Group, represented by Keith Gelb and Bill Walton. The buyer is CARR Properties, represented by Oliver Carr. The brokers involved in the deal include Robert Griffin, Keith Gelb, Edward Mahe, Oliver Carr, Matthew Pullen, Bill Walton, and Samantha Hallowell.
Players
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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93