Intelligent Manufacturing Solutions Leases 86954 SF Industrial Space In Londonderry NH From R.J. Kelly Co
12 Innovation Way
Building Size
86,954 SF
Asset Type
Industrial
Closing
Oct 3, 2025
AI
The asset involved in this lease transaction is an industrial property located at 12 Innovation Way in Londonderry, NH. The total square footage of the property is 86,954, and it falls within a market where Class A industrial availability has tightened to 6.2%. The landlord for this property is R.J. Kelly Co, and it is now leased to Intelligent Manufacturing Solutions, a circuit board manufacturer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12 Innovation Way
- Market: Londonderry, NH
- Square Footage: 86,954
- Landlord: R.J. Kelly Co
- Tenant: Intelligent Manufacturing Solutions
- Brokers: Rich Ruggiero, Brian Pinch & Tyler McGrail - Newmark
Rich Ruggiero, Brian Pinch, and Tyler McGrail from Newmark represented the landlord, R.J. Kelly Co, in this lease transaction. The arrangement allows Intelligent Manufacturing Solutions to double its operations within the industrial space.
Players
Londonderry Industrial Market Snapshot
Boundary boundary · Industrial · 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