Michael Gamzon Of Indus Acquires Land At Canopy Drive In Middleborough For $11.6M
Canopy Drive
$11,600,000
Building Size
—
Asset Type
Land
Closing
Apr 14, 2026
AI
The transaction involved a land parcel located at Canopy Drive in Middleborough, Massachusetts. The sale price for this property was $11,600,000. This land is part of a development site, contributing to the total site transaction value of $18.2 million when combined with a prior sale.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $11,600,000
- Buyer: Michael Gamzon - Indus
- Seller: VMD Companies
- Market: Middleborough, MA
- Prior Transaction Value: $6,600,000
- Total Site Transaction Value: $18,200,000
Michael Gamzon represented Indus in this transaction, while VMD Companies was the seller of the land parcel. This sale adds to VMD's recent activity in the area, highlighting their involvement in significant property transactions.
Players
Middleboro Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93