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10 Maple Street

Orthofeet Inc. Expands With New Lease In Norwood Industrial Space
LEASEDIndustrial

Orthofeet Inc. Expands With New Lease In Norwood Industrial Space

10 Maple Street

Building Size

52,108 SF

Asset Type

Industrial

Closing

Feb 13, 2024

AI

Alfred Sanzari Enterprises facilitated a new lease in Norwood, allowing Orthofeet Inc. to expand its footprint by over 52,000 square feet across adjacent buildings. The lease at 10 Maple St., minutes from the Palisades Interstate Parkway, provides additional warehouse and administrative space for Orthofeet's growth, with Resource Realty Vice President Dan Whitehead representing the tenant.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 10 Maple Street
  • Market: Norwood
  • Square Footage: 52,108

Joe Casagrande of Orthofeet Inc. leased the property at 10 Maple St., facilitated by Alfred Sanzari Enterprises. Resource Realty Vice President Dan Whitehead represented Orthofeet Inc. as their tenant's representative in the deal.

Players

Stephen Jennings

Alfred Sanzari Enterprises

Broker

10 deals

Broker

Norwood 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