Updated Aug 31, 2026
Frontrunner Bus Group Signs 88,000 Square Foot Industrial Lease At 23 Esquire Road
23 Esquire Road
Building Size
88,000 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
The property asset involved in this transaction is an 88,000-square-foot industrial space located at 23 Esquire Road in North Billerica, MA. The property is part of the industrial market segment and serves as the new headquarters for Frontrunner Bus Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 23 Esquire Road
- Market: North Billerica, MA
- Landlord: Paul Marcus - Marcus Partners, Michael Olson - Rhino Capital Advisors
- Tenant: Frontrunner Bus Group
- Landlord's Representatives: Dan Driscoll, Greg Klemmer, Tim Brodigan, Anne Coe & William H. Torrence - Colliers
Frontrunner Bus Group signed the lease to relocate its headquarters, marking a significant move within the industrial sector. The landlord representatives from Colliers played a pivotal role in facilitating this transaction.
Players
Rudd 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