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300 Charles F. Colton Road

Ferguson Plumbing Supply Leases Industrial Space At Taunton Trade Center In Taunton, MA
LEASEDIndustrial

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

Philip Verre

Cushman & Wakefield

Broker

$15M

vol

6 deals

Broker
MC
Martignetti CompaniesLandlord
FS
Ferguson Plumbing SupplyTenant

Taunton, MA Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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