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
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