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:
- Property Type: Industrial
- Transaction Amount: $28,600,000
- Address: 530 John Hancock Road, Taunton, MA
- Market: Taunton, MA
- Seller: Invesco Real Estate
- Buyer: The Davis Companies - Quentin Reynolds
- Brokers: Chris Skeffington, Scott Dragos, Doug Jacoby, Roy Sandeman, Tim Mulhall, Daniel Hines, & Tony Hayes - CBRE
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
Taunton 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93