Camber Development Acquires Industrial Property In Taunton, MA For $27M
400 John Quincy Adams Rd Taunton, MA 02780, USA
$27,000,000
$90/SF
Building Size
300,000 SF
Asset Type
Industrial
Closing
Jun 6, 2023
AI
The industrial property located at 400 John Quincy Adams Road in Taunton, MA has been sold in a transaction. The property spans 300,000 square feet and was sold for a price of $27,000,000, resulting in a price per square foot of $90. The buyer in this transaction was Camber Development, while the seller was Broadstone Net Lease.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,000,000
- Square Feet: 300,000
- Price per Square Foot: $90
- Buyer: Camber Development
- Seller: Broadstone Net Lease
The deal was facilitated by the brokers Michael Restivo, Lenny Pierce, and David Coffman from JLL.
Players
Boston 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93