Barry Sternlicht Of Starwood Capital Group Leases 70872 Sq Ft Industrial Space To CMC North America
200 Danton Drive
Building Size
70,872 SF
Asset Type
Industrial
Closing
May 27, 2025
AI
The industrial asset located at 200 Danton Drive in Methuen, Massachusetts, encompasses a total area of 70,872 square feet. This property will serve as the new U.S. headquarters for CMC North America.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 200 Danton Drive
- Market: Methuen, MA
- Landlord: Barry Sternlicht - Starwood Capital Group
- Tenant: Jeff Poggi - CMC North America
- Brokers: Ken Oppenheim - Hunneman
This transaction marks a significant consolidation of operations for CMC North America, enhancing their logistics capabilities. Ken Oppenheim represented Hunneman in brokering this lease agreement between the landlord and tenant.
Players
Methuen 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