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261 River Street

Borden Textile, LLC Signs NNN Lease For Industrial Space At 261 River Street In Haverhill, MA
LEASEDIndustrial

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

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.

Players

Anthony Triglione

Nordlund Associates

Broker

$33.8M

vol

12 deals

Broker

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