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19 Norfolk Avenue South Eas...

Updated Oct 29, 2024

Precision Doors & Hardware Leases 10,000 SF Industrial Space In Easton, MA With Landlord's Rep Robert Strelke
LEASEDIndustrial

Precision Doors & Hardware Leases 10,000 SF Industrial Space In Easton, MA With Landlord's Rep Robert Strelke

19 Norfolk Avenue South Easton, Maryland 02375, USA

Building Size

10,000 SF

Asset Type

Industrial

Closing

Jun 16, 2023

About this deal

AI

A new 10,000 square foot industrial lease has been facilitated in Easton Industrial Park, Massachusetts. Precision Doors & Hardware, a supplier of commercial doors, frames, and hardware, has signed the lease for space at 19 Norfolk Dr., Easton, MA.

Summary of transation details

  • Property Type: Industrial
  • Transaction Date: 06/16/2023
  • Address: 19 Norfolk Avenue, Easton, MA
  • Market: Easton, MA
  • Square Footage: 10,000

R.W. Holmes represented the landlord, Atlantic Management, in this lease transaction. Cushman & Wakefield acted as the tenant's representative.

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Industrial

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Players

Robert Strelke

R.W. Holmes Commercial Real Estate

Broker

1 deal

Broker
AM
Atlantic ManagementLandlord

Easton Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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