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
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