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400 John Quincy Adams Rd Ta...

Camber Development Acquires Industrial Property In Taunton, MA For $27M
SOLDIndustrial

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

Lenny Pierce

JLL

Broker

$141.1M

vol

11 deals

Broker
CD
Camber DevelopmentBuyer

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