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300 Charles F. Colton Road,...

Martignetti Companies Leases Industrial Property In Taunton, MA To Ferguson Plumbing Supply
LEASEDIndustrial

Martignetti Companies Leases Industrial Property In Taunton, MA To Ferguson Plumbing Supply

300 Charles F. Colton Road, Taunton, Massachusetts 02780, United States

$11

$11/SF

Building Size

260,150 SF

Asset Type

Industrial

Closing

Dec 21, 2022

AI

The industrial property located at 300 Charles F. Colton Road in Taunton, MA has been leased. The property spans a total of 260,150 square feet, with an asking rent of $11.75 per square foot. The lease term is set for 10 years.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 300 Charles F. Colton Road - Taunton Trade Center, Taunton, MA
  • Market: Taunton, MA
  • Landlord: Martignetti Companies
  • Tenant: Ferguson Plumbing Supply
  • Landlord's Representative: Philip Verre, Robert (Rob) Byrne, Peter Whoriskey & Paul Leone - Cushman & Wakefield
  • Tenant's Representative: CBRE

Philip Verre, Robert Byrne, Peter Whoriskey & Paul Leone from Cushman & Wakefield represented the landlord, Martignetti Companies, in the lease transaction. CBRE acted as the tenant's representative.

Players

Philip Verre

Cushman & Wakefield

Broker

$15M

vol

6 deals

Broker
MC
Martignetti CompaniesLandlord
FS
Ferguson Plumbing SupplyTenant

Taunton 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

1442090.91%

Cash-on-Cash

-412154.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93