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

Property Image
SOLD
$28,600,000
Scott Dragos
Roy Sandeman
+ 5

Massachusetts

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Industrial181,900 SF
Sold 12/09/2020
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Property Image
SOLD

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

530 John Hancock Road, Taunton, MA, USA

See Similar Deals
Industrial181,900 SF
Sold 12/09/2020
Scott Dragos
Roy Sandeman
+ 5
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$157
Total Square Footage:181,900 SF
Transaction Type:Sale

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
19 deals$1.2B volume
BROKER

Scott Dragos
CBRE
20 deals$1.2B volume
BROKER

Doug Jacoby
CBRE
21 deals$1B volume
BROKER

Roy Sandeman
CBRE
17 deals$1.1B volume
BROKER

Timothy (Tim) Mulhall
CBRE
17 deals$917.9M volume
BROKER

Daniel "Dan" Hines
CBRE
16 deals$908.9M volume
BROKER

Anthony (Tony) Hayes
CBRE
14 deals$853.9M volume
BROKER


Invesco Real Estate
SELLER

Details

SOLD
IMAGE: Chris Skeffington, Scott Dragos, Quentin Reynolds, Doug Jacoby, & Roy Sandeman⁠ DATE: 12/09/2020⁠ ADDRESS: 530 John Hancock Road⁠ MARKET: Taunton, MA⁠ ASSET TYPE: Industrial⁠ ⁠ 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 ⁠ SALE PRICE: $28,600,000⁠ SF: 181,900 ~ PPSF: $157⁠ ACRES: 11.33 ~ PPA: $2,524,271

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,525,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$101,609.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,578.59
Annual Debt Service$1,626,943.09