facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Industrial

/

Lease

/

40 Kenwood Circle Franklin,...

R.W. Holmes Facilitates Two Leases Totaling 33,800 SF At 40 Kenwood Circle In Franklin, MA
LEASEDIndustrial

R.W. Holmes Facilitates Two Leases Totaling 33,800 SF At 40 Kenwood Circle In Franklin, MA

40 Kenwood Circle Franklin, Massachusetts 02038, USA

Building Size

9,600 SF

Asset Type

Industrial

Closing

Jun 28, 2023

AI

The industrial property located at 40 Kenwood Circle in Franklin, MA has recently undergone a lease transaction. The property spans a total area of 9,600 square feet and is owned by LMF Franklin Corp. The tenant, IEH Auto Parts LLC, has secured the lease for this space.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 40 Kenwood Circle, Franklin, MA
  • Market: Franklin, MA
  • Square Footage: 9,600

R.W. Holmes, along with John Eysenbach and Mike Fahy from their team, represented the landlord, LMF Franklin Corp, in this lease transaction. The tenant, IEH Auto Parts LLC, was represented by Jim Speros, Jr from Retail & Restaurant Advisors.

Note: R.W. Holmes has facilitated a new 9,600-square-foot industrial lease and a 24,200-square-foot lease renewal at 40 Kenwood Circle in Franklin, MA.

Players

John Eysenbach

R.W. Holmes Commercial Real Estate

Broker

$9.5M

vol

5 deals

Broker

Boston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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