Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Monarch Drive
- Market: Littleton, MA
- Tenant: Norel Service Company
- Broker: Nate Nickerson - Fieldstone Commercial Properties
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.
On the Map
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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