Updated Dec 4, 2024
Nuvera Fuel Cells Renews Lease At Rivertech Park In Billerica, MA
129 Concord Road
Building Size
110,684 SF
Asset Type
Industrial
Closing
May 2, 2024
About this deal
AI
The industrial property located at 129 Concord Road in Billerica, MA spans 110,684 square feet and was subject to a lease renewal. The landlord, Rivertech Owner LLC, facilitated a deal with the tenant, Nuvera Fuel Cells, LLC, for the renewal of their lease at Rivertech Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 129 Concord Road
- Market: Billerica, MA
- Asset Type: Industrial
- Square Footage: 110,684
- Tenant: Nuvera Fuel Cells, LLC
- Landlord: Rivertech Owner LLC
- Brokers: Matthew Adams, Rory Walsh & Torin Taylor - Newmark
Newmark Executive Managing Directors Richard Ruggiero, Torin Taylor, Matthew Adams, along with Senior Managing Director Rory Walsh played pivotal roles in securing the lease renewal deal for Nuvera Fuel Cells, LLC at Rivertech Park in Billerica, Massachusetts.
On the Map
Industrial
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Billerica 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