Northwestern Mutual Refinances Martignetti Companies' Industrial Property In Taunton, MA For $92M
500 John Hancock Road, Taunton, Massachusetts 02780, United States
$92,000,000
$146/SF
Building Size
630,000 SF
Asset Type
Industrial
Closing
Mar 16, 2022
AI
The industrial property located at 500 John Hancock Rd in Taunton, MA has recently undergone a refinancing transaction. The property spans a total square footage of 630,000 and is owned by Martignetti Companies. The loan for this transaction was provided by Northwestern Mutual, a renowned lender in the industry.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $92,000,000
- Loan Type: Refinancing
- Loan Terms: 12-year, fixed-rate loan
The brokers for this deal were Tom Sullivan and Ross Fishman, who represented the buyer and seller respectively. They are affiliated with Cushman & Wakefield, a prominent real estate agency.
Players
Taunton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93