Hemisphere Development Group Leases 12000 SF Industrial Space At 41 Inner Belt Road Somerville MA
41 Inner Belt Road
Building Size
12,000 SF
Asset Type
Industrial
Closing
Jan 28, 2026
AI
An industrial warehouse located at 41 Inner Belt Road in Somerville, MA encompasses a total of 12,000 square feet. The property is specifically designed to cater to industrial operations, making it an essential asset for its tenant. The lease agreement reflects the market dynamics of the local area, underscoring the importance of the asset within its sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 41 Inner Belt Road
- Market: Somerville, MA
- Asset Size: 12,000 SF
- Tenant: Hemisphere Development Group
- Landlord's Representative: Danny Cruz, James Stubblebine, Micah Stubblebine & David Stubblebine - The Stubblebine Company
- Tenant's Representative: Jason K Clark - The Mega Group
The transaction involved multiple representatives, with The Stubblebine Company facilitating the lease on behalf of the landlord and The Mega Group representing the tenant. This collaboration between the two brokerage firms illustrates the engagement of established entities in successfully executing the lease agreement for the industrial space.
Players
Somerville 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