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597 Winthrop Street, Taunto...

Evergreen Landscaping Acquires Industrial Property In Taunton, MA
SOLDIndustrial

Evergreen Landscaping Acquires Industrial Property In Taunton, MA

597 Winthrop Street, Taunton, MA 02780, USA

$1,045,000

$59/SF

Building Size

17,550 SF

Asset Type

Industrial

Closing

Aug 30, 2021

AI

An industrial property located at 597 Winthrop Street in Taunton, MA recently changed hands in a sale transaction. The property, spanning 17,550 square feet, was purchased by Evergreen Landscaping, represented by Collin Ward. The seller, PSW Enterprises, was represented by Wayne Martyniak. The deal was facilitated by brokers Taylor Saulnier and Jeremy Cyrier of MANSARD.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $1,045,000
  • Asking Price: $1,100,000
  • Square Footage: 17,550
  • Price per Square Foot: $60
  • Market: Taunton, MA

This transaction attracted multiple offers and the property was 50% leased at the time of the sale to a long-term tenant, indicating its potential for generating steady income. The acquisition of the industrial property by Evergreen Landscaping, a prominent landscaping company, underscores their investment in expanding their operations in the Taunton market.

Players

Jeremy Cyrier

Broker

$45.6M

vol

12 deals

Broker

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

15.18%

Cash-on-Cash

-4.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93