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Tower Office Park

Updated Dec 4, 2024

Science From Scientists Leases 4700 SF Office At Cummings Properties In Woburn MA
LEASEDOffice

Science From Scientists Leases 4700 SF Office At Cummings Properties In Woburn MA

Tower Office Park

Building Size

4,700 SF

Asset Type

Office

Closing

Sep 27, 2024

About this deal

AI

The property involved in this transaction is a 4,700 square foot office space located at 2-100 Tower Office Park in Woburn, MA. This office asset is part of the Cummings Properties portfolio and serves as the new headquarters for Science from Scientists.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2-100 Tower Office Park
  • Market: Woburn, MA
  • Landlord: Mike Truesdale - Cummings Properties
  • Tenant: Science from Scientists
  • Broker: Annie Coe - Colliers

The transaction features Mike Truesdale representing Cummings Properties as the landlord and Annie Coe acting as the broker from Colliers in the lease agreement. The tenant, Science from Scientists, is an educational nonprofit organization that has moved its New England headquarters to this new location.

Players

Annie Coe

Colliers

Broker

1 deal

Broker

Woburn 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

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