Marcus & Millichap Sells Mixed-Use Property In Taunton, MA For $3.1M
SOLD
$3,100,000
Massachusetts
See Similar DealsMixed-use25,326 SF
Sold 01/26/2022
SOLD
Marcus & Millichap Sells Mixed-Use Property In Taunton, MA For $3.1M
25 Constitution Drive, Taunton, Massachusetts 02780, United States
See Similar DealsMixed-use25,326 SF
Sold 01/26/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$122
Total Square Footage:25,326 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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