Updated Oct 29, 2024
Form Energy Leases 96,000 SF Industrial Space At 200 Inner Belt Road In Somerville
200 Inner Belt Road Somerville, Massachusetts 02143, USA
$16
$16/SF
Building Size
96,000 SF
Asset Type
Industrial
Closing
Jul 5, 2023
About this deal
AI
Form Energy has leased 96,000 square feet of space at 200 Inner Belt Road in East Somerville, Massachusetts. The industrial property, owned by North River Co, will serve as the company's headquarters as it expands its operations in the city.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 200 Inner Belt Road, Somerville, MA
- Market: Somerville, MA
- Landlord: North River Co
- Tenant: Form Energy
- Asking Rent: $16.50/ft.
This lease agreement allows Form Energy to establish a single headquarters in Somerville, positioning the company for future growth. The deal represents Form Energy's commitment to expanding its operations and presence in the city.
Players
Boston 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
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93