AOTCO Leases 48369 SF Commercial Space From GFI Partners In Billerica, MA
900 Middlesex Turnpike
Building Size
48,369 SF
Asset Type
Commercial
Closing
Jul 17, 2024
AI
The property is a commercial asset located at 900 Middlesex Turnpike in Billerica, MA, consisting of 48,369 square feet. It has been leased by AOTCO, a company specializing in metal finishing solutions. The landlord for this transaction is GFI Partners.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 900 Middlesex Turnpike
- Market: Billerica, MA
- Square Footage: 48,369
- Landlord: GFI Partners
- Tenant: AOTCO
- Broker Representation: Michael Allen & Chris Curley - Hunneman
The leasing arrangement was brokered by Hunneman, with Michael Allen and Chris Curley acting as representatives in the deal. AOTCO's expertise in metal finishing solutions aligns with the commercial space they have secured.
Players
Billerica Commercial Market Snapshot
Boundary boundary · Commercial · 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