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216 Newbury St, Peabody, MA...

Lease Of 11345 Square Feet At 216 Newbury St Peabody With Landlord's Rep Gordon Mace
LEASEDRetail

Lease Of 11345 Square Feet At 216 Newbury St Peabody With Landlord's Rep Gordon Mace

216 Newbury St, Peabody, MA, 01960

Building Size

11,345 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property involved in this transaction is a retail lease located at 216 Newbury St, Peabody, MA, 01960. The asset encompasses a total area of 11,345 square feet and is situated in the Peabody market.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: Undisclosed
  • Square Feet: 11,345
  • Address: 216 Newbury St, Peabody, MA, 01960
  • Market: Peabody
  • Landlord: Undisclosed
  • Landlord's Representative: Gordon Mace
  • Tenant: Gymja Warrior

The lease transaction was facilitated by Don Mace, representing the undisclosed landlord through KeyPoint Partners, a brokerage and advisory firm based locally. Gymja Warrior, a boutique fitness operator, is the tenant in this agreement.

Players

Gordon Mace

Broker

$64.4M

vol

4 deals

Broker

Peabody Retail Market Snapshot

Boundary boundary · Retail · 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