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500 John Hancock Road, Taun...

Northwestern Mutual Refinances Martignetti Companies' Industrial Property In Taunton, MA For $92M
FINANCEDIndustrial

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

Ross Fishman

Cushman & Wakefield

Broker

$174.2M

vol

2 deals

Broker
Northwestern Mutual
Northwestern Mutual Lender

Taunton Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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