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15 Chocksett Road, Sterling...

STAG Industrial Acquires Industrial Property In Sterling, MA For $13.34M
SOLDIndustrial

STAG Industrial Acquires Industrial Property In Sterling, MA For $13.34M

15 Chocksett Road, Sterling, MA 01564, USA

$13,340,000

$112/SF

Building Size

119,056 SF

Asset Type

Industrial

Closing

Nov 5, 2021

AI

STAG Industrial has acquired an industrial property located at 15 Chocksett Rd in Sterling, MA. The property, with a total area of 119,056 square feet, was sold by Lowfield Realty Group. The transaction was facilitated by CBRE's brokers, Scott Dragos, Doug Jacoby, Chris Skeffington, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines. The sale price for the property was $13,340,000, resulting in a price per square foot of $112.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,340,000
  • Address: 15 Chocksett Rd, Sterling, MA
  • Market: Sterling, MA

The acquisition of the industrial property by STAG Industrial reflects their strategic investment in the Sterling, MA market. The involvement of CBRE's brokers showcases their expertise in facilitating successful real estate transactions.

Players

Chris Skeffington

CBRE

Broker

$1.2B

vol

19 deals

Broker
Stag Industrial
Stag IndustrialBuyer

Sterling Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93