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275 Wyman St, Waltham, MA, ...

ZoomInfo Leases 100,000 SF Office Space At 275 Wyman St, Waltham
LEASEDOffice

ZoomInfo Leases 100,000 SF Office Space At 275 Wyman St, Waltham

275 Wyman St, Waltham, MA, 02451

Building Size

100,000 SF

Asset Type

Office

Closing

Apr 14, 2021

AI

Located in Waltham, MA at 275 Wyman St, the 100,000-square-foot office building is part of the 2.2-million-square-foot office campus owned by Hobbs Brook. ZoomInfo, a go-to-market intelligence solutions provider, has signed a lease to occupy the entire fourth and fifth floors of the five-story building. The property is situated in the Waltham market, along the Route 128 technology corridor.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 275 Wyman St, Waltham, MA, 02451
  • Square Feet: 100,000
  • Tenant's Rep: Tyler McGrail (Newmark)
  • Landlord: Hobbs Brook

ZoomInfo's lease agreement at 275 Wyman St was facilitated by Tyler McGrail of Newmark, representing the tenant in the transaction. The office space will serve as ZoomInfo's new workplace, replacing the current tenant, Cimpress, a parent company to Vistaprint, who will be relocating to ZoomInfo's current office space at 170 Tracer Lane.

Players

Tyler McGrail

Newmark

Broker

$137.4M

vol

11 deals

Broker

Waltham 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