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10 Channel Center Street

North Colony Asset Management And North River Company Acquire Office Portfolio In Boston For $52M
SOLDOffice

North Colony Asset Management And North River Company Acquire Office Portfolio In Boston For $52M

10 Channel Center Street

$52,000,000

$205/SF

Building Size

252,760 SF

Asset Type

Office

Closing

Dec 17, 2025

AI

This transaction involves the sale of an office portfolio located at 10-20 Channel Center Street in Boston, MA. The property comprises three buildings with a total area of 252,760 square feet, and the sale was completed for a price of $52,000,000, resulting in a price per square foot of $205.

Summary of transaction details:

Colliers represented North Colony and North River in the acquisition of this office portfolio, demonstrating their involvement in navigating the complexities of the transaction.

Players

Matthew Sherry

Colliers

Broker

$1.3B

vol

27 deals

Broker
Colliers
ColliersBrokerage

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93