Edgewood Development Company Acquires Development Site In Wrentham For $10.175M With Seller's Rep Cushman & Wakefield
584 Taunton Street
$10,175,000
$92,500/SF
Building Size
110 SF
Asset Type
Development Site
Closing
Sep 16, 2025
AI
The development site located at 584 Taunton Street in Wrentham, MA, was sold for $10,175,000. The site encompasses 110 acres, reflecting its suitability for future development projects in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,175,000
- Address: 584 Taunton Street
- Market: Wrentham, MA
- Acres: 110
- Buyer: Edgewood Development Company
- Seller's Representative: Bruce Lusa, Christopher Sower, Mary VanNatta, Julie Regan, Ryan Mowery & An Nguyen- Cushman & Wakefield
The transaction involved multiple representatives from Cushman & Wakefield who acted on behalf of the seller. These individuals included Bruce Lusa, Christopher Sower, Mary VanNatta, Julie Regan, Ryan Mowery, and An Nguyen, showcasing a collaboration of expertise in handling the sale of this development site.
Players
Wrentham Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93