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
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