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400 W Cummings Park, Woburn...

Caesar Creek Software Leases Mixed-Use Space In Woburn, MA With Tenant's & Landlord's Reps
LEASEDMixed-use

Caesar Creek Software Leases Mixed-Use Space In Woburn, MA With Tenant's & Landlord's Reps

400 W Cummings Park, Woburn, MA, 0...

Building Size

5,500 SF

Asset Type

Mixed-use

Closing

Nov 22, 2023

AI

The mixed-use property located at 400 W Cummings Park in Woburn, MA, has leased 5,500 square feet of space to Caesar Creek Software. The park is situated less than 1 mile from the intersection of I-95 and I-93, housing numerous office, flex, and retail tenants.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not provided
  • Tenant: Caesar Creek Software
  • Tenant's Rep: Mike Ogasapian (R.W. Holmes Commercial Real Estate)
  • Tenant's Location: Miamisburg, OH
  • Tenant's Services: Cyber research and development for the Federal government
  • Tenant's Growth: Recent opening of a 25,000 SF facility in Ohio

Caesar Creek Software's choice of 400 W Cummings Park was influenced by the building's mix of walkable amenities and accessibility for employees, both those commuting by car and the MBTA's bus lines. The company, headquartered in Ohio, has been experiencing rapid growth over the past five years, leading to the establishment of their first location outside of Ohio in Massachusetts. Mike Truesdale of Cummings Properties represented the Landlord in house during the lease transaction.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker
Cummings Properties
Cummings PropertiesLandlord

Woburn 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