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
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