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
Sterling Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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