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33 Nagog Park, Acton, MA, 0...

Microbiology Research Associates Leases Office At 33 Nagog Park, Acton For 12000 Sq Ft
LEASEDOffice

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

Marci Alvarado

Commercial Property Advisors

Broker

$22.2M

vol

10 deals

Broker
FCA
FCALandlord

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