Updated Aug 15, 2024
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
About this deal
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.
On the Map
Retail
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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