Updated Oct 29, 2024
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
About this deal
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