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32 Pine Street

Stockbridge Capital Acquires Industrial Asset At 32 Pine Street From Colonial Fence For $7.4M
SOLDIndustrial

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:

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

Matty Drouillard

The Stubblebine Company

Broker

$45.1M

vol

9 deals

Broker

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