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Properties

176 Federal Street
176 FEDERAL STREET
BOSTON, MA


 
Description

Investment Date: December 1993

Investment Cost: $8.8 Million

Improvement Cost: $1.5 Million

Current Value: $15.5 Million

Sale Date: N/A

IRR: 22.3%
176 Federal Street is a 70,590 square foot office/retail building located in the financial district of Boston. The property underwent a complete rehabilitation in 1987.

Strategy

176 Federal was acquired at 35% of replacement cost. It is stabilized and net income is being maximized to increase cash flow and value.

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Charter Capital Management, Inc.