Millennium Tower Boston
A mixed-use property in Boston, Massachusetts. Securitized in 1 CMBS deal in 2018.
$360.0MAppraised value (latest deal)
100.0%Occupancy
$19.6MUnderwritten NOI
5.4%Implied cap rate
- Address
- 10 Summer Street and 1 Franklin Street, Boston, MA 02110
- Property type
- Mixed Use · Office & Retail
- Year built
- 1912 (10 Summer Street);
- Size
- 351,385 SF
- Sponsor
- Millennium Partners
- Loan purpose
- Refinance
- Largest tenant
- Primark
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-L1 | 2018-10-23 | $360.0M | 100.0% | $19.6M | 5.4% | $14.3M | 32.3% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 12/31/2017 | $19.3M |
| 12/31/2016 | $13.6M |
| 12/31/2015 | $12.2M |
More CMBS properties in Massachusetts →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.