ConnectPay Leases 18,000 Square Feet Office Space At 15 Hampshire Street In Mansfield MA
15 Hampshire Street
Building Size
18,000 SF
Asset Type
Office
Closing
Sep 3, 2025
AI
The property asset involved in this transaction is located at 15 Hampshire Street in Mansfield, MA. It encompasses 18,000 square feet and is designated for office use. The transaction involves a lease agreement; however, the lease amount is not specified.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 15 Hampshire Street
- Market: Mansfield, MA
- Square Footage: 18,000
- Landlord: Geoff Martha - Medtronic
- Tenant: Michael Young - ConnectPay
- Landlord's Representative: Steve Woodworth & Mitch Kumin - Savills
- Tenant's Representative: Elizabeth Holmes & Dean Blackey - R.W. Holmes Commercial Real Estate
ConnectPay has secured a lease for its new headquarters, with representation in the deal provided by R.W. Holmes Commercial Real Estate. The landlord, represented by Savills, is Medtronic, with Geoff Martha as the landlord. The representatives played a crucial role in facilitating the agreement between the new tenant and the property owner.
Players
Mansfield 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