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530 John Hancock Road, Taun...

The Davis Companies Acquires Industrial Property In Taunton, MA For $28.6M
SOLDIndustrial

The Davis Companies Acquires Industrial Property In Taunton, MA For $28.6M

530 John Hancock Road, Taunton, MA, USA

$28,600,000

$157/SF

Building Size

181,900 SF

Asset Type

Industrial

Closing

Dec 8, 2020

AI

The industrial property located at 530 John Hancock Road in Taunton, MA has been sold for a total price of $28,600,000. The property spans across 181,900 square feet and is situated on 11.33 acres of land. The sale price per square foot comes out to be $157, while the price per acre amounts to $2,524,271.

Summary of Transaction Details:

The sale of this industrial property was facilitated by a group of brokers from CBRE including Chris Skeffington, Scott Dragos, Doug Jacoby, Roy Sandeman, Tim Mulhall, Daniel Hines, and Tony Hayes. The buyer of the property was The Davis Companies with Quentin Reynolds representing them in the deal.

Players

Chris Skeffington

CBRE

Broker

$1.2B

vol

19 deals

Broker

Quentin Reynolds

The Davis Companies

Buyer

$307.1M

vol

3 deals

Buyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

Taunton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93