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3 Van De Graaff Drive

Vaisala Signs 28,000 SF Lease At GenLabs' 3 Van De Graaff Drive In Burlington, MA With CBRE Brokers
LEASEDOffice

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

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.

Players

Alex Plaisted

CBRE

Broker

4 deals

Broker

Burlington 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