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

Property Image
SOLD
$173,000,000
Tony Coskren
Ed Jarosz
Brian Pinch
+ 4

Massachusetts

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Industrial
Sold 12/06/2021
the dealplayerscompscontact
Property Image
SOLD

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

192 Mansfield Avenue, Norton, MA, USA

See Similar Deals
Industrial
Sold 12/06/2021
Tony Coskren
Ed Jarosz
Brian Pinch
+ 4
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale

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 (Matt) Pullen
Newmark
Matthew Pullen
57 deals$6.2B volume
BROKER
Edward Maher
Newmark
Edward Maher
57 deals$6.7B volume
BROKER
Samantha Hallowell
Newmark
Samantha Hallowell
36 deals$5B volume(617) 863-8627
BROKER
Robert (Rob) Griffin
Newmark
Robert Griffin
72 deals$7.3B volume(617) 863-8611
BROKER
Tony Coskren
Newmark
Tony Coskren
2 deals$225M volume
BROKER
Ed Jarosz
Newmark
Ed Jarosz
1 deal$173M volume
BROKER
Brian Pinch
Newmark
Brian Pinch
5 deals$331.7M volume
BROKER
GLP Capital Partners
GLP Capital Partners
BUYER
Marcus Partners
Marcus Partners
SELLER

Details

SOLD
IMAGE: Edward Maher, Brian Pinch, Robert Griffin, Matthew Pullen, Tony Coskren, Samantha Hallowell & Ed Jarosz DATE: 12/06/2021 ADDRESS: 192 Mansfield Ave, 100 Adams Rd, 132 Campanelli Industrial Dr & 1010 W Chestnut St MARKET: Norton, Clinton, Brockton MA ASSET TYPE: Industrial BUYER: GLP Capital Partners SELLER: Marcus Partners BROKERS: Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Ed Jarosz, Brian Pinch & Samantha Hallowell - Newmark SALE PRICE: $173,000,000

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

$9,226,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$614,632.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$820,108.26
Annual Debt Service$9,841,299.13