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Gazit Horizons Inc Acquires Property At 35 Winter St Boston For $24.8M With Brokers Newmark

Property Image
SOLD
$24,800,000
Matthew (Matt) Pullen
Edward Maher
+ 1

Massachusetts

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Retail28,690 SF
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Property Image
SOLD

Gazit Horizons Inc Acquires Property At 35 Winter St Boston For $24.8M With Brokers Newmark

35 Winter St # 41, Boston, MA, 02108

See Similar Deals
Retail28,690 SF
Matthew (Matt) Pullen
Edward Maher
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$864
Total Square Footage:28,690 SF
Transaction Type:Sale

The property asset involved in the transaction is a retail and office building located at 35 Winter St #41, Boston, MA, 02108. The property was sold for $24,800,000.00 and has a total square footage of 28,690. It is situated in Boston's Downtown Crossing district and was fully leased at the time of the sale. The building features Liberty Travel as an anchor tenant.

Summary of transaction details:

  • Property Type: Retail and Office Building
  • Transaction Amount: $24,800,000.00
  • Address: 35 Winter St #41, Boston, MA, 02108
  • Market: Boston
  • Square Footage: 28,690
  • Buyer's Name: Gazit Horizons Inc
  • Seller's Representatives: Justin Smith - Remax, Matthew (Matt) Pullen - Newmark, Geoffrey Millred - NKF Capital Markets
  • Brokers: Edward Maher - Newmark

The deal involved several key individuals and companies, including Robert Griffin, Paul Penman, and Christopher Peterson of NKF Capital Markets, who also played roles in representing the seller during the transaction. Gazit Horizons Inc. is a subsidiary of Israel-based Gazit-Globe, indicating international interest in the Boston real estate market.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

Justin Smith
Re/Max
9 deals$96M volume
BROKER


Gazit Horizons
BUYER

Details

SOLD
IMAGE: 35 Winter St # 41, Boston, MA, 02108 MARKET: Boston SELLER'S REP: Justin Smith -Remax, Matthew (Matt) Pullen -Newmark, Geoffrey Millred -NKF Capital Markets BROKERS: Edward Maher -Newmark BUYER: Gazit Horizons Inc PRICE: $24,800,000.00 SF: 28690

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,322,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,109.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$117,564.65
Annual Debt Service$1,410,775.83