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
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