Jumbo Capital Acquires Life Sciences Property In Canton, MA For $21M
30 Dan Road
$21,000,000
$265/SF
Building Size
79,000 SF
Asset Type
Life Sciences
Closing
Aug 5, 2022
AI
The life sciences property located at 30 Dan Rd in Canton, MA has been sold for a total price of $21,000,000. The property spans across 79,000 square feet, resulting in a price per square foot of $266.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $21,000,000
- Address: 30 Dan Rd
- Market: Canton, MA
The buyers, Jumbo Capital represented by Tom Powers and Apollo Global Management, acquired the property from The Shearwater Companies. The deal was facilitated by the brokers Frank Petz, Brooke Howard, Matthew Sherry, and John Nasca from Colliers.
Players
Canton Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93