Paul Marcus Of Marcus Partners Sells Industrial Portfolio In Taunton & Haverhill For $50M
20 Constitution Drive & 64 Research Drive
$50,000,000
$130/SF
Building Size
384,000 SF
Asset Type
Industrial
Closing
Jun 8, 2025
AI
The transaction involved an industrial portfolio located at 20 Constitution Drive and 64 Research Drive in Taunton and Haverhill, MA. The total sale price for the properties was $50,000,000, encompassing a total square footage of 192,000 with a price per square foot of $260. The assets are newly developed and fully leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Square Footage: 192,000
- Price per Square Foot: $260
- Address: 20 Constitution Drive & 64 Research Drive
- Market: Taunton & Haverhill, MA
- Seller: Paul Marcus - Marcus Partners
- Broker: Chris Skeffington - CBRE
Paul Marcus, representing Marcus Partners, completed the sale of the portfolio to an Ares fund, highlighting a collaboration between key players in the industrial real estate market. The transaction was facilitated by Chris Skeffington from CBRE, underscoring the involvement of experienced brokerage firms in managing the deal.
Players
Taunton 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93