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99 Rosewood Drive

Cortica LLC Signs Lease For 10,504 Sq Ft Office At 99 Rosewood Drive In Danvers MA
LEASEDOffice

Cortica LLC Signs Lease For 10,504 Sq Ft Office At 99 Rosewood Drive In Danvers MA

99 Rosewood Drive

Building Size

10,504 SF

Asset Type

Office

Closing

Jun 26, 2025

AI

The property asset involved in this transaction is an office space located at 99 Rosewood Drive in Danvers, MA. The total square footage of the space is 10,504, making it suitable for considerable commercial activities. The landlord of this property is Rosewood 99 Offices, LLC, which has positioned the asset in a market that supports robust regional expansion.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 10,504
  • Address: 99 Rosewood Drive
  • Market: Danvers, MA
  • Landlord: Rosewood 99 Offices, LLC
  • Tenant: Cortica, LLC
  • Brokers: Christopher Everest, Kevin Olson & Jayson Rhuda - Nordlund Associates

This deal marks a significant expansion for Cortica, LLC, a national autism care provider. The transaction was specifically designed to support Cortica's integrated care model, indicating a tailored approach to their growing operational needs in the region. Nordlund Associates represented the landlord in this transaction, highlighting their role and expertise in managing such deals.

Players

Christopher Everest

Nordlund Associates

Broker

$36.6M

vol

13 deals

Broker
Nordlund Associates
Nordlund AssociatesBrokerage

Danvers 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