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320 Libbey Industrial Pkwy,...

Atlantic-Weymouth Realty Fully Leases Mixed-Use Property In Weymouth, MA
LEASEDMixed-use

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

Richard Beale

Broker

$7.3M

vol

2 deals

Broker

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