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241 Sturbridge Road

GFI Partners Acquires 221 Acres Of Industrial Land In Charlton, MA For $8.3M
SOLDIndustrial

GFI Partners Acquires 221 Acres Of Industrial Land In Charlton, MA For $8.3M

241 Sturbridge Road

$8,300,000

Building Size

Asset Type

Industrial

Closing

Oct 25, 2023

AI

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.

Players

James Glickman

NAI Global

Broker

$51.4M

vol

9 deals

Broker
GFI Capital
GFI CapitalBuyer

Charlton 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

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93