Mario Valdivia Bernstein Of North Colony Asset Management Acquires 250 Summer St Office For $37M
250 Summer Street
$37,000,000
$370/SF
Building Size
100,000 SF
Asset Type
Office
Closing
Jun 24, 2026
AI
The transaction involved the sale of an office building located at 250 Summer Street in Boston, MA. The asset features a total square footage of 100,000 and was sold for a price of $37,000,000, resulting in a price per square foot of $370.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $37,000,000
- Address: 250 Summer Street
- Market: Boston, MA
- Square Footage: 100,000
- Price per Square Foot: $370
- Buyer: Mario Valdivia Bernstein - North Colony Asset Management
- Seller: Ted Pick - Morgan Stanley
This transaction was facilitated by Mario Valdivia Bernstein, representing North Colony Asset Management, and Ted Pick, representing Morgan Stanley, indicating the collaboration of both parties in reaching this agreement.
Smarr 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93