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Taurus Investment Holdings Acquires Newton, MA Office For $92M

Property Image
SOLD
$92,000,000
Scott Dragos
Roy Sandeman
+ 4

Massachusetts

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Office377,696 SF
Sold 01/14/2022
the dealplayerscompscontact
Property Image
SOLD

Taurus Investment Holdings Acquires Newton, MA Office For $92M

75 Wells Avenue, Newton, Massachusetts 02459, United States

See Similar Deals
Office377,696 SF
Sold 01/14/2022
Scott Dragos
Roy Sandeman
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$243
Total Square Footage:377,696 SF
Transaction Type:Sale

Located at 75 Wells Ave in Newton, MA, this office property was recently sold in a closed transaction. The property spans 377,696 square feet and is situated in the Newton market. The sale price for this transaction amounted to $92,000,000, resulting in a price per square foot of $244.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $92,000,000
  • Square Footage: 377,696
  • Address: 75 Wells Ave, Newton, MA
  • Market: Newton, MA

The buyer for this transaction was Taurus Investment Holdings, while the sellers were Angelo, Gordon & Co. and Jumbo Capital Management. The deal was facilitated by brokers Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines, who represent CBRE.

Players

Chris Skeffington
19 deals$1.2B volume
BROKER

Scott Dragos
CBRE
20 deals$1.2B volume
BROKER

Doug Jacoby
CBRE
21 deals$1B volume
BROKER

Roy Sandeman
CBRE
17 deals$1.1B volume
BROKER

Timothy (Tim) Mulhall
CBRE
17 deals$917.9M volume
BROKER

Daniel "Dan" Hines
CBRE
16 deals$908.9M volume
BROKER

Anthony (Tony) Hayes
CBRE
14 deals$853.9M volume
BROKER

Taurus Investment Holdings
BUYER


Details

SOLD
IMAGE: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman & Dan Hines DATE: 01/14/2022 ADDRESS: 75 Wells Ave MARKET: Newton, MA ASSET TYPE: Office BUYER: Taurus Investment Holdings SELLER: Angelo, Gordon & Co., & Jumbo Capital Management BROKERS: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall & Dan Hines - CBRE SALE PRICE: $92,000,000 SF: 377,696 ~ PPSF: $244

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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