Electronic & Instrumentation Technology Leases 114,000 SF Industrial Space In Salem, NH
9 Northeastern Boulevard
Building Size
114,000 SF
Asset Type
Industrial
Closing
May 3, 2024
AI
The leased property at 9 Northeastern Boulevard in Salem, NH, consists of an industrial asset spanning 114,000 square feet. The landlord, Mike Hoban of Equity Industrial Partners, facilitated the lease to Electronic & Instrumentation Technology.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9 Northeastern Boulevard
- Market: Salem, NH
- Asset Type: Industrial
- Square Footage: 114,000
Brian Tisbert, Christopher Lawrence, and Matt Perry of JLL acted as the brokers in this deal, representing Electronic & Instrumentation Technology (EIT) in leasing the space. EIT, a division of Zollner AG Group, Europe’s EMS leader, leased the 114,000 square feet at 9 Northeastern Blvd from Equity Industrial Partners, who own the 650,000 square feet class A industrial and office facility where the transaction took place.
Players
Salem 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