facebook
Traded Co logo
Submit
Daily limit: 0/10

Ferrado Properties Inc Acquires Office Property In Boston From ASB Real Estate Investments For $39.1M

Property Image
SOLD
$39,100,000

Massachusetts

See Similar Deals
Office26,834 SF
Sold 05/01/2024
the dealdetailscomps
Property Image
SOLD

Ferrado Properties Inc Acquires Office Property In Boston From ASB Real Estate Investments For $39.1M

801 Boylston Street

See Similar Deals
Office26,834 SF
Sold 05/01/2024
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$1,457
Total Square Footage:26,834 SF
Transaction Type:Sale

The 26,834-square-foot office property located at 801 Boylston Street in Boston's Back Bay area has been sold for $39.1 million. The transaction price equates to $1,457 per square foot. The seller, ASB Real Estate Investments of Bethesda, MD, completed the sale to the buyer, Ferrado Properties Inc., based in Newport Beach, Calif.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $39,100,000
  • Address: 801 Boylston Street
  • Market: Boston, MA
  • Buyer: Ferrado Properties Inc
  • Seller: Robert Bellinger - ASB Real Estate Investments

Ferrado Properties Inc., a company headquartered in Newport Beach, Calif., made the acquisition of the office property. The seller, ASB Real Estate Investments, based in Bethesda, MD, facilitated the transaction. The property at 801 Boylston Street now changes ownership from ASB Real Estate Investments to Ferrado Properties Inc.

Details

SOLD
IMAGE: Robert Bellinger DATE: 05/01/2024 ADDRESS: 801 Boylston Street MARKET: Boston, MA ASSET TYPE: Office BUYER: Ferrado Properties Inc SELLER: Robert Bellinger - ASB Real Estate Investments SALE PRICE: $39,100,000 SF: 26,834 ~ PPSF: $1,457 NOTE: Ferrado Properties Inc., based in Newport Beach, Calif., has acquired the 26,834-square-foot office property at 801 Boylston St. in Boston's Back Bay area for $39.1 million, equivalent to $1,503 per square foot, from ASB Real Estate Investments of Bethesda, MD.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,085,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$138,914.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$185,353.95
Annual Debt Service$2,224,247.37