Updated Dec 18, 2023
Senne Acquires Office Building In North End For $13.2M
Lewis Wharf, North End, Boston, MA, USA
$13,200,000
$832/SF
Building Size
15,852 SF
Asset Type
Office
Closing
Feb 17, 2020
About this deal
AI
One Lewis Wharf, located in the North End market, was recently sold in a closed transaction. This office property was sold by Edward Masterman to the buyer, Senne. The sale was facilitated by CBRE, a brokerage firm. The property spans an area of 15,852 square feet and the sale price was $13,200,000, resulting in a price per square foot of $832.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,200,000
- Address: One Lewis Wharf
- Market: North End
The transaction took place on February 18, 2020. Hingham Institution for Savings, represented by Robert H. Gaughen Jr. and Patrick R. Gaughen, served as the lender for this deal. The involvement of reputable parties such as CBRE, the brokerage firm, and Hingham Institution for Savings further highlights the significance of this transaction.
Players
Boston 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93