NFLSRE 2 Financial LLC Acquires Office Property On South Street In Boston For $210M
60 South Avenue, South Boston, VA, USA
$210,000,000
$832/SF
Building Size
252,392 SF
Asset Type
Office
Closing
Aug 26, 2021
About this deal
AI
The office building located at 60 South St in Boston, MA was recently sold in a transaction that took place on August 27, 2021. The property, comprising of 4 units, was sold by 60 South Street LP to NFLSRE 2 Financial LLC for a total sale price of $210,000,000. This translates to a price per unit (PPU) of $52,500,000. The building spans a total area of 252,392 square feet, resulting in a price per square foot (PPSF) of $832.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $210,000,000
- Units: 4
- Price per Unit (PPU): $52,500,000
- Square Footage: 252,392
- Price per Square Foot (PPSF): $832
- Address: 60 South St, Boston, MA
- Market: Boston, MA
The buyer of the property was NFLSRE 2 Financial LLC, while 60 South Street LP acted as the seller. This transaction represents a significant deal in the office market of Boston, MA.
Players
South Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93