Stockbridge Capital Acquires Industrial Asset At 32 Pine Street From Colonial Fence For $7.4M
32 Pine Street
$7,400,000
$442/SF
Building Size
16,740 SF
Asset Type
Industrial
Closing
Feb 9, 2026
AI
This industrial property located at 32 Pine Street in Norfolk, MA, was involved in a transaction where Stockbridge Capital purchased the asset from Colonial Fence. The sale price was $7,400,000, covering a total area of 16,740 square feet, resulting in a price per square foot of $442.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Buyer: Stockbridge Capital
- Seller: Colonial Fence
- Brokers: Stephen Flynn & Matty Drouillard - The Stubblebine Company
The transaction was facilitated by brokers Stephen Flynn and Matty Drouillard, who represented the buyer Stockbridge Capital in this deal. Their involvement reflects their expertise in handling industrial property transactions in the Norfolk market.
Players
Norfolk 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93