facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Industrial

/

Lease

/

90 Salem Rd, Billerica, MA,...

Omni Logistics Signs 115,822 SF Industrial Lease In Billerica With CBRE Reps
LEASEDIndustrial

Omni Logistics Signs 115,822 SF Industrial Lease In Billerica With CBRE Reps

90 Salem Rd, Billerica, MA, 01821

Building Size

115,822 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The industrial property at 90 Salem Rd, Billerica, MA, 01821 is a part of the Billerica Commerce Center, offering a total of 612,685 square feet of space. Built in 1982 and renovated in 2007, the property features 38-foot clear heights, 17 loading docks, and easy access to Interstate 495. Omni Logistics has recently leased a 115,822-square-foot section of this facility, strategically located around 20 miles northwest of Boston.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Clarion Partners
  • Tenant: Omni Logistics
  • Lanldord's Rep: Rachel Marks (JLL)
  • Tenat's Rep: David Corkery, Steve Clancy, and Rachel Marks (CBRE)

The lease negotiations for the industrial space at 90 Salem Rd were facilitated by David Corkery, Steve Clancy, and Rachel Marks of CBRE, representing both the tenant, Omni Logistics, and the landlord, Clarion Partners based in New York City. This significant transaction brings together key players in the real estate market to further enhance business operations in the Billerica area.

Players

Rachel Marks

JLL

Broker

$18.5M

vol

4 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Billerica Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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