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1 Whitman Road

Aho Properties Facilitates $2.3M Sale Of Industrial Asset In Canton Massachusetts
SOLDIndustrial

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

Joel Aho

Aho Properties

Broker

$42.4M

vol

17 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93