Aho Properties Facilitates $2.3M Sale Of Industrial Asset In Canton Massachusetts
1 Whitman Road
$2,300,000
$173/SF
Building Size
13,240 SF
Asset Type
Industrial
Closing
Nov 15, 2024
AI
A 13,240 sq. ft. office/flex building has been sold for $2,300,000. Located at 1 Whitman Road in Canton, MA, the property spans 8.56 acres of industrial land. The sale was finalized on November 15, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Square Footage: 13,240 sq. ft.
- Price Per Square Foot: $174
- Address: 1 Whitman Road, Canton, MA
- Broker: Joel Aho - Aho Properties
Joel Aho, president of Aho Properties, LLC, facilitated the sale. The buyer plans to occupy the upper floor of the building, while Clarke Schools for Hearing and Speech will continue leasing the lower level.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93