Marcus & Millichap Sells Mixed-Use Property In Taunton, MA For $3.1M
25 Constitution Drive, Taunton, Massachusetts 02780, United States
$3,100,000
$122/SF
Building Size
25,326 SF
Asset Type
Mixed-use
Closing
Jan 26, 2022
AI
The mixed-use property located at 25 Constitution Dr in Taunton, MA has been sold for a price of $3,100,000. The property spans across 3.20 acres and offers a total area of 25,326 square feet. The sale price per square foot comes to $122. The transaction took place on January 26, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Address: 25 Constitution Dr, Taunton, MA
- Market: Taunton, MA
- Acres: 3.20
- Brokers: Harrison Klein, Mark Lyman, and James Manning - The Klein Group, Marcus & Millichap
- Square Feet: 25,326
- Price per Square Foot: $122
The deal was facilitated by brokers Harrison Klein, Mark Lyman, and James Manning from The Klein Group at Marcus & Millichap.
Players
Taunton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93