Vanbarton Group Sells Seaport Office Building At 175 Water Street For $252M
175 Water Street
$252,000,000
Building Size
—
Asset Type
Office
Closing
Oct 11, 2022
About this deal
AI
The property involved in this transaction is an office located at 175 Water Street in the Seaport market. The property spans a total area of 684,500 square feet with a price per square foot of $368. The sale of this property was completed on October 11, 2022, for a total sale price of $252,000,000. The seller of the property was Vanbarton Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $252,000,000
- Address: 175 Water Street
- Market: Seaport
- Size: 684,500 square feet
- Price per Square Foot: $368
The transaction was facilitated by the brokerage firm JLL, with Andrew Scandalios, David Giancola, Vickram Jambu, Steven Rutman, and Marion Jones representing the seller, Vanbarton Group, in the deal.
On the Map
$252,000,000
Office
View full map
Players
Sydney Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Sydney office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93