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105 Sam Fonzo Drive

Axcelis Technologies Leases 95,800-Square-Foot Industrial Space In Beverly, MA
LEASEDIndustrial

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

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

Rich Ruggiero

Newmark

Broker

$453.7M

vol

13 deals

Broker

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