Atlantic-Weymouth Realty Fully Leases Mixed-Use Property In Weymouth, MA
320 Libbey Industrial Pkwy, Weymout...
Building Size
9,500 SF
Asset Type
Mixed-use
Closing
Nov 22, 2023
AI
The property at 320 Libbey Industrial Parkway, Weymouth, is a mixed-use asset with a total square footage of 30,000. Active Day has leased 9,500 square feet, Menemsha Solutions has leased 5,539 square feet, Keystone Elevator has signed for 6,000 square feet, and Millennium Printing Corp. has committed to 8,850 square feet. The landlord, Atlantic-Weymouth Realty, oversaw all transactions at this location.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Tenant: Active Day
- Tenant's Rep: Rich Beal - Perry Brokerage Associates
- Landlord: Atlantic-Weymouth Realty
- Square Feet: 30,000 total (Jointly by Active Day, Menemsha Solutions, Keystone Elevator, and Millennium Printing Corp.)
Rich Beal of Perry Brokerage Associates represented Active Day in the lease deal at 320 Libbey Industrial Parkway. Additionally, Menemsha Solutions, Keystone Elevator, and Millennium Printing Corp. were also represented by James McEvoy, senior vice president at The Conrad Group, who exclusively represented the landlord, Atlantic-Weymouth Realty, in all the transactions at this property.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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