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
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