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