Persimmon Tech Leases Mixed-Use Space At 35 Crosby Dr In Bedford
35 Crosby Drive
Building Size
14,222 SF
Asset Type
Mixed-use
Closing
May 30, 2024
AI
Located at 35 Crosby Drive in Bedford, MA, the mixed-use property spans 14,222 square feet. The landlord, W. P. Carey, finalized a long-term lease with Persimmon Technologies.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Tenant: Persimmon Technologies
- Tenant's Rep: Colliers
- Landlord: W. P. Carey
- Landlord's Rep: Matthew Adams, Rich Ruggiero, Rory Walsh & Torin Taylor - Newmark
Persimmon Technologies, a subsidiary of Sumitomo Heavy Industries, chose the 35 Crosby Drive location for their long-term lease. Represented by Colliers, the tenant secured a significant space for their operations.
Players
Bedford 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