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1 Monarch Drive

Norel Service Company Leases 11,000 SF Office Space In Littleton, MA
LEASEDOffice

Norel Service Company Leases 11,000 SF Office Space In Littleton, MA

1 Monarch Drive

Building Size

11,000 SF

Asset Type

Office

Closing

Apr 3, 2024

AI

The lease transaction involved an office asset located at 1 Monarch Drive in Littleton, MA, comprising 11,000 square feet of space. Fieldstone Commercial Properties, Inc. facilitated the lease of the property to Norel Service Company.

Summary of transaction details:

Nate Nickerson from Fieldstone Commercial Properties played a pivotal role in representing Norel Service Company in securing the 11,000 square feet of office space at 1 Monarch Drive. The transaction showcases the expertise and efficiency of the involved parties in successfully completing the lease agreement.

Players

Nate Nickerson

Fieldstone Commercial Properties

Broker

$27.9M

vol

13 deals

Broker

Littleton Office Market Snapshot

Boundary boundary · Office · 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