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
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