Updated Dec 4, 2024
Vaisala Signs 28,000 SF Lease At GenLabs' 3 Van De Graaff Drive In Burlington, MA With CBRE Brokers
3 Van De Graaff Drive
Building Size
28,000 SF
Asset Type
Office
Closing
Dec 12, 2023
About this deal
AI
Vaisala, a global leader in weather, environmental, and industrial measurements, has signed a 28,000 sq.ft. lease for office and lab space at GenLabs' 3 Van de Graaff Drive in Burlington, MA. The property is an office building located in the Burlington market.
Summary of transaction details
- Property Type: Office
- Square Footage: 28,000
- Address: 3 Van de Graaff Drive, Burlington, MA
- Market: Burlington, MA
The lease transaction was facilitated by CBRE brokers Alex Plaisted, Christian Vallis, and Ryan Romano. They represented the tenant, Kai Öistämö from Vaisala, in the deal.
On the Map
Office
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Players
Burlington Office Market Snapshot
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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