Jumbo Capital Leases Office Space To Opinion Dynamics In Waltham, MA
130 Turner St, Waltham, MA, 02453
Building Size
8,848 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is an office space located at 130 Turner St, Waltham, MA, 02453. It encompasses a total area of 8,848 square feet and is situated in the Waltham market. The asset is part of a larger initiative by Jumbo Capital, who has engaged in multiple leases at a converted lab and R&D campus.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Feet: 8,848
- Address: 130 Turner St, Waltham, MA, 02453
- Market: Waltham
- Landlord: Jumbo Capital
- Tenant: Opinion Dynamics
- Landlord's Representatives: Matthew Malatesta-Newmark, Michael "Mike" Frisoli-Newmark, Tyler McGrail-Newmark
- Brokers: Michael "Mike" Frisoli-Newmark
The deal showcases the involvement of Jumbo Capital, a commercial real estate investment firm based in Quincy, MA, as well as the representation by Newmark brokers including Matt Malatesta, Mike Frisoli, and Tyler McGrail. This transaction is part of a larger strategy that includes four new leases totaling 49,255 square feet, emphasizing the company's commitment to office-to-life science conversion at their Stony Brook campus.
Players
Waltham Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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