Ferguson Plumbing Supply Leases Industrial Space At Taunton Trade Center In Taunton, MA
300 Charles F. Colton Road
$12
$12/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, part of the Taunton Trade Center, spans approximately 260,150 square feet and was leased by Ferguson Plumbing Supply. The lease term is set for 10 years.
Summary of Transaction Details:
- Property Type: Industrial
- Asking Rent: $11.75 per square foot
Martignetti Companies, the landlord, facilitated the lease agreement with Ferguson Plumbing Supply. The landlord was represented by Philip Verre, Robert Byrne, Peter Whoriskey, and Paul Leone from Cushman & Wakefield. CBRE acted as the tenant's representative in the transaction.
Players
Taunton, MA 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93