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
Boston Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
Loading comparables…
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