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
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