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
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