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130 Turner St, Waltham, MA,...

Jumbo Capital Leases Office Space To Opinion Dynamics In Waltham, MA
LEASEDOffice

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

Tyler McGrail

Newmark

Broker

$137.4M

vol

11 deals

Broker
Jumbo Capital
Jumbo CapitalLandlord

Waltham 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