IEP Technologies Leases 37800 Square Feet At 417 South St Marlborough From Berkeley Partners
417 South St, Marlborough, MA, 01752
Building Size
37,800 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this lease transaction is located at 417 South St, Marlborough, MA, 01752. This asset offers a total area of 37,800 square feet and is situated in the Marlborough market. The landlord for this property is Berkeley Partners, while the tenant is IEP Technologies.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 417 South St, Marlborough, MA, 01752
- Market: Marlborough
- Square Feet: 37,800
- Tenant: IEP Technologies
- Landlord: Berkeley Partners
- Tenant's Representative: Matthew Quinlan-SVN Parsons Commercial Group, Garrett Quinn
This lease transaction involves key individuals including Matthew Quinlan, representing the tenant IEP Technologies, and Garrett Quinn. The landlord is represented by Berkeley Partners, highlighting the collaboration between brokerage teams in facilitating this lease agreement.
Players
Marlborough CRE Market Snapshot
Boundary boundary · CRE · 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