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12 Innovation Way

Intelligent Manufacturing Solutions Leases 86954 SF Industrial Space In Londonderry NH From R.J. Kelly Co
LEASEDIndustrial

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

Tyler McGrail

Newmark

Broker

$137.4M

vol

11 deals

Broker
Newmark
NewmarkBrokerage

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