facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Retail

/

Sale

/

35 Winter St # 41, Boston, ...

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

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

35 Winter St # 41, Boston, MA, 02108

$24,800,000

$864/SF

Building Size

28,690 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

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 Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
Gazit Horizons
Gazit HorizonsBuyer

Boston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93