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417 South St, Marlborough, ...

IEP Technologies Leases 37800 Square Feet At 417 South St Marlborough From Berkeley Partners
LEASED

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

Garrett Quinn

NAI Global

Broker

$8.3M

vol

6 deals

Broker
JLL
JLLBrokerage

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