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2 Mount Royal Avenue

Little Sprouts Early Education And Childcare Leases 10,029 SF Office Space In Marlborough MA
LEASEDOffice

Little Sprouts Early Education And Childcare Leases 10,029 SF Office Space In Marlborough MA

2 Mount Royal Avenue, 4 Mount Royal Avenue & 5 Mount Royal Avenue

Building Size

30,087 SF

Asset Type

Office

Closing

Feb 14, 2025

AI

The property involved in this transaction is an office asset located at 2, 4 & 5 Mount Royal Avenue in Marlborough, MA, encompassing a total square footage of 10,029. The lease was signed by Little Sprouts Early Education and Childcare for the space, contributing to the strong leasing activity at Knowledge Park.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2, 4 & 5 Mount Royal Avenue
  • Market: Marlborough, MA
  • Square Footage: 10,029
  • Landlord: CB Equities
  • Tenant: Little Sprouts Early Education and Childcare
  • Broker: Garrett Quinn - NAI Parsons Commercial Group Boston

The deal signifies a collaboration between CB Equities and Little Sprouts Early Education and Childcare, with Garrett Quinn representing the landlord in the lease agreement. Recent leasing activities in the area include other notable transactions such as a lease to Brookhaven Hospice and Digital Fuel Marketing, and CB Equities is enhancing the amenities in Knowledge Park by adding a fitness center and coworking spaces.

Players

Garrett Quinn

NAI Global

Broker

$8.3M

vol

6 deals

Broker

Marlborough 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