Zimmer Northeast Leases 14011 Square Feet At 141 Middlesex Turnpike Burlington From The Berman Cos
141 Middlesex Turnpike, Burlington, M...
Building Size
14,011 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
A lease has been negotiated for flex space located at 141 Middlesex Turnpike, Burlington, Massachusetts. The property encompasses 14,011 square feet and is situated in the Hainesport market. The tenant of the space is Zimmer Northeast, a subsidiary of Zimmer Biomet, which specializes in orthopedics products.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Zimmer Northeast
- Landlord: The Berman Cos.
- Tenant's Representative: Garry Holmes - R.W. Holmes Commercial Real Estate
- Landlord's Representatives: Jordan Yarboro - JLL, Madison Chambers - JLL
- Square Feet: 14,011
The lease transaction was facilitated by Mike Ogasapian and Garry Holmes from R.W. Holmes, representing the tenant. Jordan Yarboro and Madison Chambers represented the landlord in this agreement, contributing to a smooth negotiation process for both parties.
Players
Hainesport 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