Nanoramic Laboratories Leases 40,000 Square Feet At 10 Commerce Way Woburn MA
10 Commerce Way
Building Size
40,000 SF
Asset Type
Life Sciences
Closing
Dec 5, 2024
AI
The property asset involved in the transaction is a life sciences space located at 10 Commerce Way, Woburn, MA. The lease encompasses a total of 40,000 square feet dedicated to office and life sciences use.
Summary of transation details:
- Property Type: Life Sciences
- Transaction Amount: Not specified
- Address: 10 Commerce Way, Woburn, MA
- Square Footage: 40,000 SF
- Landlord: Cummings Properties
- Tenant: Nanoramic Laboratories
- Landlord's Representative: John Halsey & Robert Yacobian - Cummings Properties
- Tenant's Representative: David Thomann - Cushman & Wakefield
Nanoramic Laboratories has signed a lease to relocate from Wakefield into this new space, with Cummings Properties managing the landlord side of the transaction and Cushman & Wakefield representing the tenant in this deal.
Players
Woburn Life Sciences Market Snapshot
Boundary boundary · Life Sciences · 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