Dennis A. Clarke Of Cummings Properties Leases Office Space To Roger Piasio In Beverly
100 Cummings Center
Building Size
20,325 SF
Asset Type
Office
Closing
Jan 15, 2026
AI
The asset involved in this transaction is an office property located at 100 Cummings Center in Beverly, MA, with a total square footage of 20,325. The landlord of the property is Dennis A. Clarke, representing Cummings Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Dennis A. Clarke - Cummings Properties
- Tenant: Roger Piasio - American Surgical Company
- Lease Date: 01/15/2026
- Market: Beverly, MA
In this transaction, Roger Piasio, representing American Surgical Company, relocated its international operations from Salem to the new headquarters at the leased property in Beverly.
Players
Beverly 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