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

Property Image
SOLD
$13,340,000
Scott Dragos
Roy Sandeman
+ 4

Massachusetts

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Industrial119,056 SF
Sold 11/05/2021
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Property Image
SOLD

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

15 Chocksett Road, Sterling, MA 01564, USA

See Similar Deals
Industrial119,056 SF
Sold 11/05/2021
Scott Dragos
Roy Sandeman
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:119,056 SF
Transaction Type:Sale

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
19 deals$1.2B volume
BROKER

Scott Dragos
CBRE
20 deals$1.2B volume
BROKER

Doug Jacoby
CBRE
21 deals$1B volume
BROKER

Roy Sandeman
CBRE
17 deals$1.1B volume
BROKER

Timothy (Tim) Mulhall
CBRE
17 deals$917.9M volume
BROKER

Daniel "Dan" Hines
CBRE
16 deals$908.9M volume
BROKER

Anthony (Tony) Hayes
CBRE
14 deals$853.9M volume
BROKER

Stag Industrial
BUYER

Details

SOLD
IMAGE: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman & Dan Hines DATE: 11/05/2021 ADDRESS: 15 Chocksett Rd MARKET: Sterling, MA ASSET TYPE: Industrial BUYER: STAG Industrial SELLER: Lowfield Realty Group BROKERS: Scott Dragos, Doug Jacoby, Chris Skeffington, Anthony Hayes, Roy Sandeman, Tim Mulhall & Dan Hines - CBRE SALE PRICE: $13,340,000 SF: 119,056 ~ PPSF: $112

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,394.20
Cash-on-Cash Return-1.27%
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