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30 Dan Road

Jumbo Capital Acquires Life Sciences Property In Canton, MA For $21M
SOLDLife Sciences

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

John Nasca

Lee & Associates

Broker

$726M

vol

14 deals

Broker
Jumbo Capital
Jumbo CapitalBuyer

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