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129 Concord Road

Nuvera Fuel Cells Renews Lease At Rivertech Park In Billerica, MA
LEASEDIndustrial

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

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.

Players

Torin Taylor

Newmark

Broker

$38.2M

vol

12 deals

Broker

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