Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 33 Fourth Avenue
- Market: Needham, MA
- Landlord: Fourth Avenue Realty Trust
- Tenant: Hope & Comfort
- Brokers: Dean Blackey & Elizabeth Holmes - R.W. Holmes Commercial Real Estate
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.
On the Map
Mixed-use
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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