Stockbridge Acquires Industrial Property At 295 Union Street In East Walpole For $26M
295 Union Street
$26,000,000
$305/SF
Building Size
85,159 SF
Asset Type
Industrial
Closing
May 14, 2025
AI
The transaction involves the sale of an industrial property located at 295 Union Street in East Walpole, MA. The deal concluded with a sale price of $26,000,000 for a total area of 85,159 square feet, resulting in a price per square foot of $305.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Address: 295 Union Street
- Market: East Walpole, MA
- Square Footage: 85,159
- Price per Square Foot: $305
- Buyer: Stockbridge
- Seller: John Meador & Charlie Luce - Casco Real Estate Partners; Aaron Snegg, Matthew Novak, Andrew Holmberg & Bahaar Sidhu - Berkeley Partners
- Brokerage: David Coffman, Michael Restivo & Tommy Hovey - JLL
JLL Capital Markets facilitated the sale process for the property, representing the involved parties throughout the transaction. The unique collaboration between the sellers, who are affiliated with two different firms, and the brokerage team highlights the coordinated effort in executing this significant deal.
Players
East Walpole 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93