Freight Farms Leases Industrial Space In Leominster To Airport Realty Trust
56 Crawford Street
Building Size
7,200 SF
Asset Type
Industrial
Closing
Apr 26, 2024
AI
Located at 56 Crawford Street in Leominster, MA, this industrial property spans 7,200 square feet. The lease transaction involved Airport Realty Trust as the landlord and Freight Farms as the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Available
- Address: 56 Crawford Street
- Market: Leominster, MA
- Tenant: Freight Farms
Eric O'Brien of O'Brien Commercial Properties played a pivotal role in brokering the deal. As the president of O'Brien Commercial Properties, Inc., O'Brien represented the landlord, Airport Realty Trust, and successfully secured the lease with Freight Farms for the industrial property.
Leominster 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