Balyo Opens U.S. HQ & Warehouse In Woburn, MA At 78 Olympia Ave
78 Olympia Ave, Woburn, MA, 01801
Building Size
12,350 SF
Asset Type
Warehouse
Closing
Nov 22, 2023
AI
The property asset involved in this transaction is a warehouse located at 78 Olympia Ave, Woburn, MA, 01801. This asset totals 12,350 square feet and is part of the Woburn market. The landlord of the property is Cummings Properties.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not specified
- Square Feet: 12,350
- Landlord: Cummings Properties
- Landlord's Representative: Robert (Rob) Yacobian - Cummings Properties
Balyo, a France-based robotics company, has established its U.S. corporate headquarters at this location, featuring both a showroom and warehouse space. The move from Leominster to this new address aims to enhance client accessibility to Balyo’s automation technologies. Additionally, Balyo joins a network of high-tech firms within Cummings Properties' portfolio, located strategically near major highways.
Players
Woburn Warehouse Market Snapshot
Boundary boundary · Warehouse · 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