Camber Development Acquires Industrial Property In Taunton, MA For $27M
SOLD
$27,000,000
Massachusetts
See Similar DealsIndustrial300,000 SF
Sold 06/06/2023
SOLD
Camber Development Acquires Industrial Property In Taunton, MA For $27M
400 John Quincy Adams Rd Taunton, MA 02780, USA
See Similar DealsIndustrial300,000 SF
Sold 06/06/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$90
Total Square Footage:300,000 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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