Updated Oct 28, 2024
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
About this deal
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
- Property Type: Industrial
- Transaction Amount: $173,000,000
- Date: 12/06/2021
- Seller: Marcus Partners
- Buyer: GLP Capital Partners
- Brokers: Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Ed Jarosz, Brian Pinch, and Samantha Hallowell from Newmark
- Market: Norton, Clinton, Brockton, MA
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.
On the Map
$173,000,000
Industrial
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Players
Norton 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93