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981 Worcester St, Wellesley...

Updated Oct 29, 2024

Fresenius Kidney Care Leases 8,017 SF Medical Office In Wellesley MA With Tenant's Rep Jeff Bruk & Landlord's Rep Dan Krysiak & Michael Greeley
LEASEDOffice

Fresenius Kidney Care Leases 8,017 SF Medical Office In Wellesley MA With Tenant's Rep Jeff Bruk & Landlord's Rep Dan Krysiak & Michael Greeley

981 Worcester St, Wellesley, MA 02482, USA

Building Size

80,170 SF

Asset Type

Office

Closing

Jul 23, 2020

About this deal

AI

Located at 981 Worcester Street in Wellesley, MA, this medical office property was involved in a recent lease transaction. The property spans 8,017 square feet and was initially developed in 1998. While no additional details are available about the property, it serves as the new location for Fresenius Kidney Care.

Summary of transaction details

  • Property Type: Medical Office
  • Tenant: Fresenius Kidney Care
  • Landlord: CEA Group
  • Square Footage: 8,017
  • Tenant's Representative: Jeff Bruk - Bruk Realty Advisors
  • Landlord's Representatives: Dan Krysiak & Michael Greeley - Newmark Knight Frank

In this lease deal, Jeff Bruk from Bruk Realty Advisors represented the tenant, Fresenius Kidney Care, while Dan Krysiak and Michael Greeley from Newmark Knight Frank acted as the landlord's representatives. Further details about the transaction, such as the lease terms or any additional notes, are not available.

Players

Wellesley 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

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