Balyo Opens U.S. HQ & Warehouse In Woburn, MA At 78 Olympia Ave
LEASED
Massachusetts
See Similar DealsWarehouse12,350 SF
LEASED
Balyo Opens U.S. HQ & Warehouse In Woburn, MA At 78 Olympia Ave
78 Olympia Ave, Woburn, MA, 01801
See Similar DealsWarehouse12,350 SF
Summary
MASSACHUSETTS
Asset Type:Warehouse
Price Per Square Foot:$0
Total Square Footage:12,350 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$707,894.55
Total Lease Value
$7,078,945.47
Net Landlord Cash Flow$707,894.55
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