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1 Madison Street

Child Construction Co. Inc Leases 1 Madison Street Industrial Space To Mazzotta Rentals In Plainville
LEASEDIndustrial

Child Construction Co. Inc Leases 1 Madison Street Industrial Space To Mazzotta Rentals In Plainville

1 Madison Street

Building Size

8,874 SF

Asset Type

Industrial

Closing

May 23, 2025

AI

The property asset involved in this transaction is located at 1 Madison Street in Plainville, MA. It consists of an industrial space totaling 8,874 square feet and includes 2.44 acres of outdoor storage, leased by Mazzotta Rentals from Child Construction Co. Inc.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Lease Date: 05/23/2025
  • Landlord: Child Construction Co. Inc
  • Tenant: Joseph J. Mazzotta - Mazzotta Rentals
  • Landlord's Representative: James Stubblebine - The Stubblebine Company
  • Tenant's Representatives: David Skinner, Devon Wagner & Vin Cannistraro - Prescott Advisory

The transaction saw Prescott Advisory representing Mazzotta Rentals, involving key individuals in the leasing process. James Stubblebine represented the landlord, facilitating the agreement for the industrial space at 1 Madison Street.

Players

James Stubblebine

The Stubblebine Company

Broker

$246.4M

vol

36 deals

Broker

Plainville 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