Oliver St. Capital Acquires Industrial Property In Mansfield, MA For $50M
SOLD
$50,000,000
+ 1
Massachusetts
See Similar DealsIndustrial352,340 SF
Sold 06/24/2021
SOLD
Oliver St. Capital Acquires Industrial Property In Mansfield, MA For $50M
241 Francis Avenue, Mansfield, MA, USA
See Similar DealsIndustrial352,340 SF
Sold 06/24/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$141
Total Square Footage:352,340 SF
Transaction Type:Sale
Located at 241 Francis Avenue in Mansfield, MA, this industrial property was recently sold in a transaction. The property spans a total of 352,340 square feet and has been categorized as an industrial asset. The sale was finalized on 06/24/2021, with a sale price of $50,000,000. The price per square foot for this transaction was $142.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 241 Francis Avenue, Mansfield, MA
- Square Footage: 352,340
- Market: Mansfield, MA
Oliver St. Capital, represented by Jon O'Donnell and Jon Hyde, purchased the property from The VAM Realty Trust. The deal was facilitated by brokers Ned Halloran and Leeanne Rizzo from Hunneman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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