facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Other

/

Lease

/

560 Providence Hwy, Norwood...

Updated Oct 29, 2024

MobilityWorks Leases 8800 Square Feet At 560 Providence Hwy Norwood With Tenant's Rep Ed Gerwig
LEASEDOther

MobilityWorks Leases 8800 Square Feet At 560 Providence Hwy Norwood With Tenant's Rep Ed Gerwig

560 Providence Hwy, Norwood, MA, 0...

Building Size

8,800 SF

Asset Type

Other

Closing

Nov 19, 2023

About this deal

AI

The property involved in this transaction is located at 560 Providence Hwy, Norwood, MA. MobilityWorks, a company specializing in transforming vehicles for wheelchair accessibility, has leased a space measuring 8,800 square feet in a retail setting, which includes a showroom and service area. This location is strategically positioned within a retail plaza that features tenants such as Savers and the Massachusetts Launch Family Park.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 560 Providence Hwy, Norwood, MA
  • Market: Norwood
  • Tenant: MobilityWorks
  • Landlord: CMI
  • Tenant's Representative: Ed Gerwig (National Commercial Brokers)
  • Landlord's Representative: Daniel J. Waldman (Waldman & Associates)
  • Square Feet: 8,800

In this transaction, Ed Gerwig and Brian Nadler represented the tenant, MobilityWorks, while Daniel J. Waldman acted as the representative for the landlord, CMI. The negotiation involved reclaiming warehouse space from Savers, allowing MobilityWorks to secure their new location. Waldman noted the significance of the lease due to the vital services MobilityWorks provides to veterans and individuals with disabilities. This location is expected to serve as a long-term home for MobilityWorks following the necessary modifications to meet their specific needs.

Players

Daniel J. Waldman

Waldman & Associates

Broker

$61.6M

vol

13 deals

Broker

Norwood Other Market Snapshot

Boundary boundary · Other · Lease transactions

Loading comparables…

Deal FAQ

Visit Daniel J. Waldman to view all their deals.

Browse Massachusetts other leases on Traded.

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

More Deals

Nearby Markets