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815 Boylston Street

Tim Cook Of Apple Inc Purchases Retail Property From Tribeca Holdings For $88M In Boston
SOLDRetail

Tim Cook Of Apple Inc Purchases Retail Property From Tribeca Holdings For $88M In Boston

815 Boylston Street

$88,000,000

$5,496/SF

Building Size

16,011 SF

Asset Type

Retail

Closing

Jan 23, 2025

AI

The retail asset located at 815 Boylston Street in Boston, MA was sold for $88,000,000. The property has a total square footage of 16,011, resulting in a price per square foot of $5,496. This transaction represents one of the highest retail real estate deals in Massachusetts at over $3,500 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $88,000,000
  • Buyer: Tim Cook - Apple Inc
  • Seller: Tribeca Holdings
  • Sale Date: 01/23/2025
  • Market: Boston, MA
  • Square Footage: 16,011
  • Price Per Square Foot: $5,496

The deal involved prominent individuals and entities, with Tim Cook representing Apple Inc as the buyer and Tribeca Holdings as the seller in this significant transaction. The acquisition enhances Apple's presence in the Back Bay area of Boston.

Players

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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93