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
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