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250 Apollo Drive

Christopher K. Mellen Of CKM Real Estate Leases 11,248 Sq. Ft. Office To Triton Systems
LEASEDOffice

Christopher K. Mellen Of CKM Real Estate Leases 11,248 Sq. Ft. Office To Triton Systems

250 Apollo Drive

Building Size

11,248 SF

Asset Type

Office

Closing

Mar 19, 2025

AI

The property involved in this transaction is an office space located at 250 Apollo Drive, Chelmsford, MA. It encompasses 11,248 square feet and is part of a larger 143,215 square-foot building managed by CKM Real Estate, which features amenities such as a cafeteria and fitness center. The lease spans a duration of 12 years, with plans for infrastructure upgrades to accommodate the tenant's requirements.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 250 Apollo Drive
  • Market: Chelmsford, MA
  • Landlord: Christopher K. Mellen - CKM Real Estate
  • Tenant: David Model - Triton Systems
  • Broker: Chris Curley - Hunneman

Christopher K. Mellen represents CKM Real Estate in this lease agreement, while Chris Curley serves as the broker for Triton Systems. The deal indicates a strategic move by Triton Systems to enhance its operational facilities through the upcoming infrastructure upgrades.

Players

Chris Curley

Hunneman

Broker

3 deals

Broker

Chelmsford 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