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80 Central St Boxborough, M...

Product Insight Inc. Secures Long-Term Lease At 80 Central Street Industrial Property In Boxborough, MA With Rep James Keefe
LEASEDIndustrial

Product Insight Inc. Secures Long-Term Lease At 80 Central Street Industrial Property In Boxborough, MA With Rep James Keefe

80 Central St Boxborough, MA 01719, USA

$25

$25/SF

Building Size

25,688 SF

Asset Type

Industrial

Closing

Jun 28, 2023

AI

Product Insight Inc. has secured a long-term lease for an industrial property located at 80 Central Street in Boxborough, MA. The property offers a total of 25,688 square feet of space and is situated within the Tech Central campus, spanning 375,000 square feet. The unique architecture and design features of the property aligned perfectly with the company culture and its clientele. Notably, the addition of a drive-in door met one of Product Insight's major facility requirements. The property's location provides easy access to Route 2 and I-495, making it a convenient choice for the company.

Summary of transaction details:

  • Property Type: Industrial
  • Lease Date: 06/28/2023
  • Address: 80 Central Street, Boxborough, MA
  • Market: Boxborough, MA
  • Tenant: Product Insight Inc.
  • Tenant's Representative: James Keefe - Greater Boston Commercial Properties
  • Asking Rent: $25/ft
  • Square Footage: 25,688

James Keefe, the representative for Product Insight Inc., played a crucial role in fulfilling the company's specific and challenging facility requirements. By truly listening to their needs, Keefe presented several great options, establishing himself as a trusted advisor throughout the entire process. This resulted in a fantastic experience for Product Insight. In the past year, James Keefe has demonstrated his expertise in real estate, completing over $25 million in sales and transacting on more than 220,000 square feet of property.

Players

James Keefe

Greater Boston Commercial Properties

Broker

$42.9M

vol

16 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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93