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Lewis Wharf, North End, Bos...

Updated Dec 18, 2023

Senne Acquires Office Building In North End For $13.2M
SOLDOffice

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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Deal FAQ

About $832 per square foot on a published $13.2M for 15,852 square feet (2020).

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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

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