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75-101 Federal St, Boston, ...

CARR Properties Acquires Office Building In Downtown Crossing For $242.5M
SOLDOffice

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

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

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker

Oliver Carr

CARR Properties

Buyer

$1.3B

vol

4 deals

Buyer
Bill Walton

Bill Walton

Rockpoint Group

Seller

$1.5B

vol

9 deals

Seller
Rockpoint Group
Rockpoint GroupLender

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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93