Updated Dec 4, 2024
WeWork Property Advisors Acquires 1333 New Hampshire Ave NE From Boston Properties For $136.5M
1333 New Hampshire Ave NE, Adelphi...
$136,500,000
Building Size
—
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 1333 New Hampshire Ave NE, Adelphi. It was sold for $136,500,000.00, with no square footage information provided. The market value is identified as Romney.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $136,500,000.00
- Seller: Boston Properties
- Buyer: WeWork Property Advisors
- Seller's Representative: Collins Ege-Eastdil Secured
This deal was facilitated by Collins Ege from Eastdil Secured, representing the seller, Boston Properties. The buyer, WeWork Property Advisors, is an entity engaged in property advisory services, indicating a strategic acquisition in the current market.
On the Map
$136,500,000
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Players
Romney CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93