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192 Mansfield Avenue, Norto...

GLP Capital Partners Acquires Industrial Properties In Norton, Clinton, And Brockton MA For $173M
SOLDIndustrial

GLP Capital Partners Acquires Industrial Properties In Norton, Clinton, And Brockton MA For $173M

192 Mansfield Avenue, Norton, MA, USA

$173,000,000

Building Size

Asset Type

Industrial

Closing

Dec 6, 2021

AI

GLP Capital Partners has acquired an industrial portfolio consisting of four properties located at 192 Mansfield Ave, 100 Adams Rd, 132 Campanelli Industrial Dr, and 1010 W Chestnut St in Norton, Clinton, and Brockton, MA. The properties were sold by Marcus Partners in a closed transaction.

Summary of transaction details

The deal was facilitated by brokers Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Ed Jarosz, Brian Pinch, and Samantha Hallowell from Newmark. They played a crucial role in connecting the buyer and seller and ensuring a successful transaction.

Players

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
GLP Capital Partners
GLP Capital PartnersBuyer
Marcus Partners
Marcus PartnersSeller

Norton 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93