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
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