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Evergreen Landscaping Acquires Industrial Property In Taunton, MA

Property Image
SOLD
$1,045,000

Massachusetts

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Industrial17,550 SF
Sold 08/30/2021
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Property Image
SOLD

Evergreen Landscaping Acquires Industrial Property In Taunton, MA

597 Winthrop Street, Taunton, MA 02780, USA

See Similar Deals
Industrial17,550 SF
Sold 08/30/2021
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$59
Total Square Footage:17,550 SF
Transaction Type:Sale

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

12 deals$45.6M volume
BROKER

Taylor Saulnier
9 deals$35.2M volume
BROKER

Details

SOLD
IMAGE: Jeremy Cyrier & Taylor Saulnier DATE: 08/30/2021 ADDRESS: 597 Winthrop Street MARKET: Taunton, MA ASSET TYPE: Industrial BUYER: Evergreen Landscaping - Collin Ward SELLER: PSW Enterprises - Wayne Martyniak BROKERS: Taylor Saulnier & Jeremy Cyrier - MANSARD ASKING PRICE: $1,100,000 SALE PRICE: $1,045,000 SF: 17,550 ~ PPSF: $60 NOTE: Multiple offers, 50% leased at sale to long term tenant

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

$55,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,712.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,953.83
Annual Debt Service$59,446.00