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GFI Partners Acquires 221 Acres Of Industrial Land In Charlton, MA For $8.3M
SOLD
$8,300,000
Massachusetts
See Similar DealsIndustrial
Sold 10/25/2023
SOLD
GFI Partners Acquires 221 Acres Of Industrial Land In Charlton, MA For $8.3M
241 Sturbridge Road
See Similar DealsIndustrial
Sold 10/25/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
An affiliate of GFI Partners has acquired a 221-acre industrial-zoned land located at 241 Sturbridge Road in Charlton, MA. The property was sold for $8.3 million by Greenhill Realty Trust. The transaction was facilitated by James Glickman from NAI Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Acres: 221
- Address: 241 Sturbridge Road, Charlton, MA
- Market: Charlton, MA
The purchase of the industrial-zoned land at 241 Sturbridge Road was made by an affiliate of GFI Partners for $8.3 million. Greenhill Realty Trust, represented by Robert F. Greenhill, served as the seller in the transaction. NAI Glickman Kovago & Jacobs principal, James Glickman, played a key role in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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