Affera Expands Lease At 175 Middlesex Turnpike In Bedford, MA
175 Middlesex Turnpike Billerica, MA 01821, USA
Building Size
6,075 SF
Asset Type
Office
Closing
Sep 15, 2023
AI
Medical technology company Affera has expanded its lease at 175 Middlesex Turnpike in Bedford, MA. The property is an office with a total area of 6,075 square feet. The lease agreement was finalized on September 15, 2023.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 175 Middlesex Turnpike, Bedford, MA
- Market: Bedford, MA
- Tenant: Affera
- Landlord: ConRes IT Solutions
Affera's decision to expand its lease at 175 Middlesex Turnpike reflects its ongoing growth and need for additional space. The company initially leased 5,575 square feet but has now increased its occupancy to 6,075 square feet. The expansion demonstrates the company's confidence in the location and its commitment to operating in Bedford, MA. ConRes IT Solutions, the landlord, facilitated the leasing process, while Joseph Doyle from Cresa represented Affera's interests in the deal.
Players
Bedford 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