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35 Crosby Drive

Persimmon Tech Leases Mixed-Use Space At 35 Crosby Dr In Bedford
LEASEDMixed-use

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:

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

Rich Ruggiero

Newmark

Broker

$453.7M

vol

13 deals

Broker

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