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28 Millbury St, Auburn, MA ...

KARL STORZ Endoscopy America, Inc. Leases Industrial Space At 28 Millbury Street In Worcester, MA
LEASEDIndustrial

KARL STORZ Endoscopy America, Inc. Leases Industrial Space At 28 Millbury Street In Worcester, MA

28 Millbury St, Auburn, MA 01501

$7

$7/SF

Building Size

225,629 SF

Asset Type

Industrial

Closing

Sep 1, 2023

AI

The industrial property located at 28 Millbury Street in Worcester, MA has been leased to KARL STORZ Endoscopy America, Inc. The landlord in this transaction is Rabina, and the landlord's representatives are Jim Umphrey and Tom Bodden from Kelleher & Sadowsky Associates. The lease agreement for this property was signed on 09/01/2023.

Summary of transaction details

  • Property Type: Industrial
  • Address: 28 Millbury Street, Worcester, MA
  • Market: Worcester, MA
  • Tenant: KARL STORZ Endoscopy America, Inc.
  • Landlord: Rabina
  • Landlord's Representatives: Jim Umphrey & Tom Bodden - Kelleher & Sadowsky Associates

The asking rent for this property is $7 per square foot, with a total square footage of 225,629 square feet.

NOTE: No additional details were provided regarding the terms of the lease or any other specific information about the transaction.

Players

Jim Umphrey

Kelleher & Sadowsky

Broker

$55.8M

vol

5 deals

Broker

Market 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

2266142.86%

Cash-on-Cash

-647670.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93