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
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