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56 Crawford Street

Freight Farms Leases Industrial Space In Leominster To Airport Realty Trust
LEASEDIndustrial

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.

Players

Eric O’Brien

O'Brien Commercial Properties

Broker

$10.1M

vol

5 deals

Broker

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