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241 Francis Avenue

U.S. Lumber Leases 96,000 Square Feet At Francis Logistics Center In Mansfield MA
LEASEDIndustrial

U.S. Lumber Leases 96,000 Square Feet At Francis Logistics Center In Mansfield MA

241 Francis Avenue

Building Size

96,000 SF

Asset Type

Industrial

Closing

Sep 29, 2025

AI

The asset involved in this transaction is a 96,000-square-foot industrial property located at 241 Francis Avenue in Mansfield, MA. This property is part of Oliver Street Capital’s Francis Logistics Center. The lease agreement grants U.S. Lumber warehouse space along with nine acres designated for outdoor storage.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 241 Francis Avenue
  • Market: Mansfield, MA
  • Landlord: Jonathan Hyde - Oliver Street Capital
  • Tenant: Lita Abele - U.S. Lumber
  • Brokers: Ned Halloran & Leeanne Rizzo - Hunneman

Ned Halloran and Leeanne Rizzo from Hunneman were the brokers involved in securing the lease for U.S. Lumber, representing them in this transaction with Oliver Street Capital. The deal enables U.S. Lumber to enhance its operational capacity through the acquisition of significant warehouse and storage space.

Players

Ned Halloran

Hunneman

Broker

$50M

vol

2 deals

Broker
OC
Oliver Street CapitalLandlord

Mansfield Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93