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206 Mystic Avenue

Combined Properties Inc Extends Industrial Lease To SRS Distribution At 206-210 Mystic Ave Medford MA
LEASEDIndustrial

Combined Properties Inc Extends Industrial Lease To SRS Distribution At 206-210 Mystic Ave Medford MA

206 Mystic Avenue & 210 Mystic Avenue

Building Size

29,256 SF

Asset Type

Industrial

Closing

Jan 5, 2024

AI

Combined Properties Inc. has extended a lease of industrial space to SRS Distribution at 206-210 Mystic Ave in Medford, MA. The leased industrial space spans a total of 14,628 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 206-210 Mystic Avenue, Medford, MA
  • Market: Medford, MA
  • Landlord: Greg Regazzini - Combined Properties Inc
  • Tenant: Dan Tinker - SRS Distribution
  • Brokers: Alison Luisi, Chelsea Andre & Joseph Fabiano - JLL

The lease agreement was facilitated by JLL brokers Alison Luisi, Chelsea Andre, and Joseph Fabiano. This extension allows SRS Distribution to continue operating in this industrial space.

Players

Joseph Fabiano

JLL

Broker

$16.4M

vol

5 deals

Broker
Greg Regazzini

Greg Regazzini

Landlord

4 deals

Landlord
CI
Combined Properties, IncLandlord

Medford 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