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Ward Fitzgerald Acquires Industrial Property In Taunton For $6.89M
SOLD
$6,890,000
Massachusetts
See Similar DealsIndustrial42,000 SF
Sold 07/09/2024
SOLD
Ward Fitzgerald Acquires Industrial Property In Taunton For $6.89M
295 Constitution Drive
See Similar DealsIndustrial42,000 SF
Sold 07/09/2024
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$164
Total Square Footage:42,000 SF
Transaction Type:Sale
The 42,000-square-foot warehouse at 295 Constitution Drive in Taunton, MA, was acquired by EQT Exeter for $6.89 million. Situated on a 3.73-acre site in the Myles Standish Industrial Park, this facility, completed in 2021, boasts a 28' clear height, an ESFR sprinkler system, and 12 loading docks.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $6,890,000
- Buyer: Ward Fitzgerald - EQT Exeter
- Address: 295 Constitution Drive
- Market: Taunton, MA
- Square Footage: 42,000
- Price per Square Foot: $164
- Acres: 3.73
EQT Exeter, represented by Ward Fitzgerald in the transaction, closed the deal on purchasing the industrial property, solidifying its investment in the thriving market of Taunton, MA.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,478.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,662.12
Annual Debt Service$391,945.38
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