Axcelis Technologies Leases 95,800-Square-Foot Industrial Space In Beverly, MA
105 Sam Fonzo Drive
Building Size
—
Asset Type
Industrial
Closing
Jan 25, 2024
AI
Axcelis Technologies, a semiconductor equipment manufacturer, has signed a lease for a 95,800-square-foot industrial space at 105 Sam Fonzo Drive in Beverly, MA. The lease was facilitated by Newmark, a real estate brokerage company.
Summary of transaction details
- Property Type: Industrial
- Tenant: Axcelis Technologies
- Address: 105 Sam Fonzo Drive, Beverly, MA
- Market: Beverly, MA
- BROKERS: Matt Adams, Rich Ruggiero, Rory Walsh & Torin Taylor - Newmark
This lease represents a significant transaction in the industrial market, securing a large space for Axcelis Technologies to conduct its semiconductor equipment manufacturing operations.
Players
Beverly 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