Jumbo Capital Acquires Life Sciences Property In Canton, MA For $21M
SOLD
$21,000,000
+ 1
Massachusetts
See Similar DealsLife Sciences79,000 SF
Sold 08/05/2022
SOLD
Jumbo Capital Acquires Life Sciences Property In Canton, MA For $21M
30 Dan Road
See Similar DealsLife Sciences79,000 SF
Sold 08/05/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Life Sciences
Price Per Square Foot:$265
Total Square Footage:79,000 SF
Transaction Type:Sale
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
BUYER
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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