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85 Rangeway Road

Meta Materials Inc Leases Office Space At 85 Rangeway Rd In North Billerica, MA With Brokers Jim Bartholomew & Mike Ogasapian - R.W. Holmes
LEASEDOffice

Meta Materials Inc Leases Office Space At 85 Rangeway Rd In North Billerica, MA With Brokers Jim Bartholomew & Mike Ogasapian - R.W. Holmes

85 Rangeway Road

$17

$17/SF

Building Size

12,655 SF

Asset Type

Office

Closing

Feb 3, 2023

AI

The leased property is located at 85 Rangeway Rd in North Billerica, MA. It is an office space with a total area of 12,655 square feet. The lease transaction was completed on 02/03/2023.

Summary of transaction details

  • Property Type: Office
  • Asking Rent: $16.50/ft.

The landlord of the property is K&L Realty, and the tenant is Meta Materials Inc. The lease deal was facilitated by brokers Jim Bartholomew and Mike Ogasapian from R.W. Holmes.

Jim Bartholomew and Mike Ogasapian represent the tenant and worked on behalf of Meta Materials Inc in the lease agreement with K&L Realty.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker
KR
K&L RealtyLandlord
MI
Meta Materials IncTenant

North Billerica 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

933117.65%

Cash-on-Cash

-266687.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93