Updated Oct 29, 2024
Borden Textile, LLC Signs NNN Lease For Industrial Space At 261 River Street In Haverhill, MA
261 River Street
$12
$12/SF
Building Size
17,419 SF
Asset Type
Industrial
Closing
Oct 28, 2022
About this deal
AI
Borden Textile, LLC has signed a lease for an industrial property located at 261 River Street in Haverhill, MA. The property spans a total area of 17,419 square feet. The lease is a NNN (Triple Net) Lease, indicating that the tenant will be responsible for the property's operating expenses in addition to rent.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Asking Rent: $12 per square foot
- Address: 261 River Street, Haverhill, MA
- Market: Haverhill, MA
The landlord for this lease agreement is J.V. Hostetter Family LLC. The tenant, Borden Textile, LLC, will be occupying the industrial space. The lease was facilitated by Anthony Triglione and Rick Bartley from Nordlund Associates, who represented both the landlord and the tenant in the deal.
On the Map
$12
$12/SF
Industrial
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Players
Haverhill 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93