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9 Pequot Way, Canton, Massa...

Industrial Property In Canton, MA Sold For $2.5M - Harrison Klein & James Manning - Marcus & Millichap
SOLDIndustrial

Industrial Property In Canton, MA Sold For $2.5M - Harrison Klein & James Manning - Marcus & Millichap

9 Pequot Way, Canton, Massachusetts 02021, United States

$2,475,000

$206/SF

Building Size

12,000 SF

Asset Type

Industrial

Closing

Aug 11, 2022

AI

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.

Players

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker

Canton 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

6.41%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93