A1 Innovation Leases 2,000 SF Industrial Space At 118 Will Drive In Canton, MA
118 Will Drive Canton, Massachusetts 02021, USA
Building Size
—
Asset Type
Industrial
Closing
Jun 9, 2023
AI
A1 Innovation, owned by Tony Chen, has successfully leased 2,000 square feet of warehouse space at 118 Will Drive in Canton, MA. The property is an industrial asset specializing in designing and distributing cost-effective, energy-saving lighting technology for households and businesses worldwide.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not applicable
- Square Footage: 2,000
- Address: 118 Will Drive, Canton, MA
- Market: Canton, MA
The lease agreement was facilitated by Bryan Glennon of Atlantic Commercial Real Estate, LLC. Atlantic Commercial Real Estate, LLC acted as the broker in this sublease transaction.
Players
Canton 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