F&M Tool & Die Leases 23,900 SF Industrial Space In Lancaster, MA With Broker R.W. Holmes
851 Sterling Rd Lancaster, MA 01523, USA
$12
$12/SF
Building Size
23,900 SF
Asset Type
Industrial
Closing
Jul 7, 2023
AI
F&M Tool and Die, a machine shop specializing in mold making and maintenance, has secured a 23,390 square feet lease at 851 Sterling Rd in Lancaster, MA. The industrial property has an asking rent of $12.50 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 851 Sterling Road, Lancaster, MA
- Market: Lancaster, MA
R.W. Holmes, a real estate firm, facilitated the lease deal for F&M Tool and Die. Jim Bartholomew from R.W. Holmes represented F&M Tool and Die in this transaction.
Boston 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93