facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

141 Middlesex Turnpike, Bur...

Zimmer Northeast Leases 14011 Square Feet At 141 Middlesex Turnpike Burlington From The Berman Cos
LEASEDIndustrial

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:

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

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker

Hainesport Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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