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23 Esquire Road

Updated Aug 31, 2026

Frontrunner Bus Group Signs 88,000 Square Foot Industrial Lease At 23 Esquire Road
LEASEDIndustrial

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

Greg Klemmer

Colliers

Broker

$95.1M

vol

3 deals

Broker
Frontrunner Bus Group
Frontrunner Bus GroupBuyer

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

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