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118 Will Drive Canton, Mass...

A1 Innovation Leases 2,000 SF Industrial Space At 118 Will Drive In Canton, MA
LEASEDIndustrial

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

Bryan Glennon

Broker

$3.4M

vol

3 deals

Broker

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