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100 Tradecenter Dr Woburn, ...

Blue Martin Laboratories Leases 5,385 SF Lab Space At 100 Trade Center Waltham
LEASEDMedical Office

Blue Martin Laboratories Leases 5,385 SF Lab Space At 100 Trade Center Waltham

100 Tradecenter Dr Woburn, MA 01801, USA

$19

$19/SF

Building Size

5,385 SF

Asset Type

Medical Office

Closing

Jul 21, 2023

AI

Biomedical company Blue Martin Laboratories has leased 5,385 square feet of lab space at 100 Trade Center in Woburn, Massachusetts. The property, owned by Cummings Properties, was represented by landlord Mike Truesdale. The lease was facilitated by R.W. Holmes vice president Mike Ogasapian, who represented Blue Martin Laboratories in the transaction. The asking rent for the space was $19.95 per square foot.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Not specified
  • Address: 100 Trade Center, Woburn, MA
  • Market: Waltham, MA
  • Landlord: Cummings Properties - Mike Truesdale
  • Tenant: Blue Martin Laboratories
  • Broker: Mike Ogasapian - R.W. Holmes Commercial Real Estate
  • Asking Rent: $19.95/ft
  • Square Footage: 5,385

R.W. Holmes vice president Mike Ogasapian represented Blue Martin Laboratories in the lease transaction, while Mike Truesdale of Cummings Properties represented the landlord. Blue Martin Laboratories, a biomedical company, will utilize the 5,385 square feet of lab space at 100 Trade Center in Woburn.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker
Cummings Properties
Cummings PropertiesBrokerage

Mike Truesdale

Cummings Properties

Landlord

2 deals

Landlord

Boston Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

834894.74%

Cash-on-Cash

-238615.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93