Industrial Property In Canton, MA Sold For $2.5M - Harrison Klein & James Manning - Marcus & Millichap
SOLD
$2,475,000
Massachusetts
See Similar DealsIndustrial12,000 SF
Sold 08/12/2022
SOLD
Industrial Property In Canton, MA Sold For $2.5M - Harrison Klein & James Manning - Marcus & Millichap
9 Pequot Way, Canton, Massachusetts 02021, United States
See Similar DealsIndustrial12,000 SF
Sold 08/12/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$206
Total Square Footage:12,000 SF
Transaction Type:Sale
Located at 9 Pequot Way in Canton, MA, this industrial property recently changed hands in a sale transaction. The property spans approximately 12,000 square feet and is characterized by its industrial purpose. The deal was facilitated by brokers Harrison Klein and James Manning from Marcus & Millichap. The transaction took place on August 12, 2022, and the property was sold for a total price of $2,475,000, resulting in a price per square foot of $206.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $2,475,000
- Square Footage: 12,000
- Address: 9 Pequot Way, Canton, MA
- Market: Canton, MA
Leading the deal were brokers Harrison Klein and James Manning from Marcus & Millichap. They successfully facilitated the transaction between the buyer and seller, ensuring a smooth process for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,793.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,732.76
Annual Debt Service$140,793.15
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