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1 Pequot Way

One Pequot Way, LLC Acquires 2.5 Acre Industrial Property In Canton, MA For $5.6M
SOLDIndustrial

One Pequot Way, LLC Acquires 2.5 Acre Industrial Property In Canton, MA For $5.6M

1 Pequot Way

$5,600,000

$155/SF

Building Size

36,032 SF

Asset Type

Industrial

Closing

Oct 11, 2023

AI

An industrial property located at 1 Pequot Way in Canton, MA, has recently been sold. The property spans over 2.5 acres and features a 36,032-square-foot building. The transaction was facilitated by Holmes, a well-established commercial brokerage firm in Massachusetts. The property was sold to One Pequot Way, LLC, an owner-user, for a total of $5.6 million. The price per square foot for this transaction was calculated at $155.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,600,000
  • Address: 1 Pequot Way, Canton, MA
  • Market: Canton, MA
  • Acreage: 2.5 acres

Mike Fahy from R.W. Holmes Commercial Real Estate represented the buyer, One Pequot Way, LLC, in this transaction. On the other side, Mark Donahue, from Donahue & Associates, represented the seller, Pequot Way, LLC. These individuals played key roles in ensuring the successful completion of the deal, bringing their expertise and negotiation skills to the table.

It's important to note that this transaction marks a significant achievement for both the buyer and the seller. The industrial property provides a valuable asset for One Pequot Way, LLC, as an owner-user. The seller, Pequot Way, LLC, successfully completed the sale with the assistance of Mark Donahue from Donahue & Associates.

Players

Mark Donahue

Donahue & Associates

Broker

$10.8M

vol

2 deals

Broker

Canton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93