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Inogen Leases 6000 SF Office Space At 500 Cummings Center In Beverly MA With Cummings Properties
LEASED
Massachusetts
See Similar DealsOffice6,000 SF
Leased 02/07/2025
LEASED
Inogen Leases 6000 SF Office Space At 500 Cummings Center In Beverly MA With Cummings Properties
500 Cummings Center
See Similar DealsOffice6,000 SF
Leased 02/07/2025
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:6,000 SF
Transaction Type:Lease
An office space comprising 6,000 square feet located at 500 Cummings Center in Beverly, MA has been leased. This property is part of a growing life sciences cluster in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 500 Cummings Center
- Market: Beverly, MA
- Landlord: Dennis A. Clarke - Cummings Properties
- Tenant: Kevin R. Smith - Inogen
- Landlord's Representative: Mary Carroll - Cummings Properties
- Tenant's Representative: Christian Vallis - CBRE
The lease transaction was facilitated by Mary Carroll from Cummings Properties representing the landlord and Christian Vallis from CBRE representing the tenant, Inogen, a medtech firm.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,916.38
Total Lease Value
$3,439,163.79
Net Landlord Cash Flow$343,916.38
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