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33 Fourth Avenue

Hope & Comfort Leases 10,600 Sq Ft Mixed-Use Space In Needham For New Headquarters
LEASEDMixed-use

Hope & Comfort Leases 10,600 Sq Ft Mixed-Use Space In Needham For New Headquarters

33 Fourth Avenue

Building Size

10,600 SF

Asset Type

Mixed-use

Closing

Sep 27, 2024

AI

The property asset involved in this transaction is a mixed-use facility located at 33 Fourth Avenue, Needham, MA. The total square footage of the property is 10,600 square feet, accommodating the needs of the new tenant.

Summary of transaction details:

R.W. Holmes facilitated the leasing of the property, securing a lease for Hope & Comfort, which will serve as their new headquarters. The relocation is part of their mission to expand the availability of hygiene products for children in need across the Greater Boston area.

Players

Elizabeth Holmes

R.W. Holmes Commercial Real Estate

Broker

$55.3M

vol

12 deals

Broker

Needham Heights Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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