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2 Corporation Way Peabody, ...

NICE North America Renews Lease For 9,038 SF Office Space In Peabody, MA
LEASEDOffice

NICE North America Renews Lease For 9,038 SF Office Space In Peabody, MA

2 Corporation Way Peabody, MA 01960, USA

$25

$25/SF

Building Size

9,038 SF

Asset Type

Office

Closing

Jun 1, 2023

AI

NICE North America has renewed its lease for a 9,038 square foot office space at Two Corporation Way in Centennial Park, Peabody, MA. The asking rent for the lease renewal was $25 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 2 Corporation Way, Peabody, MA
  • Market: Peabody, MA
  • Tenant: NICE North America
  • Broker: Greg Regazzini - Combined Properties
  • Asking Rent: $25 per square foot
  • Lease Terms: Renewal

Greg Regazzini from Combined Properties represented NICE North America in the lease renewal deal.

Players

Greg Regazzini

Combined Properties

Broker

4 deals

Broker

Boston 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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93