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78 Olympia Ave, Woburn, MA,...

Balyo Opens U.S. HQ & Warehouse In Woburn, MA At 78 Olympia Ave
LEASEDWarehouse

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

Robert Yacobian

Cummings Properties

Broker

2 deals

Broker
Cummings Properties
Cummings PropertiesLandlord

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