Microbiology Research Associates Leases Office At 33 Nagog Park, Acton For 12000 Sq Ft
33 Nagog Park, Acton, MA, 01720
Building Size
12,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is an office space located at 33 Nagog Park, Acton, MA, with a total area of 12,000 square feet. The asset serves as the operational base for Microbiology Research Associates, which has been a tenant at the site for over seventeen years. The lease renewal and expansion affirm their long-term commitment to the property, managed by FCA as the landlord.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 33 Nagog Park, Acton, MA, 01720
- Market: Acton
- Tenant: Microbiology Research Associates
- Landlord: FCA
- Tenant's Representative: Matthew Quinlan - SVN
- Landlord's Representative: Marci Alvarado - SVN
- Square Feet: 12000
The lease renewal signifies a significant investment by Microbiology Research Associates in their workspace, with plans to accommodate their operational needs for the foreseeable future. The representatives involved in this transaction include Marci Alvarado, Senior Advisor at SVN, and Matthew Quinlan, who both played critical roles in facilitating this agreement, ensuring alignment between the tenant's requirements and the landlord's interests.
Players
Acton 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