Markforged Signs 10-Year Modified Gross Lease For 120,681 SF Office/R&D Space In Waltham, MA With Landlord Boston Properties And Reps Victoria Paolino, Philip Verre & Rob Byrne - Cushman & Wakefield
60 Tower Road, Waltham, Massachusetts 02451, United States
Building Size
120,681 SF
Asset Type
Office
Closing
Dec 17, 2021
AI
Markforged has recently signed a lease for an office/R&D space located at 60 Tower Rd in Waltham, MA. The property spans 120,681 square feet and is owned by Boston Properties.
Summary of transaction details
- Property Type: Office/R&D
- Transaction Date: 12/17/2021
- Address: 60 Tower Rd, Waltham, MA
- Market: Waltham, MA
- Landlord: Boston Properties
- Tenant: Markforged
- Landlord's Representative: Victoria Paolino
- Tenant's Representatives: Philip Verre & Rob Byrne - Cushman & Wakefield
- Lease Type: Modified Gross Lease
- Lease Terms: 10 Years
Rob Byrne, Philip Verre, and Victoria Paolino were involved in the lease transaction as representatives for Markforged (tenant) and Boston Properties (landlord) respectively.
Players
Waltham 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