facebook
Traded Co logo
Submit
Daily limit: 0/10

Spirit Realty Capital Acquires Alsen Mapes Industrial Park In Dorchester For $26.8M

Property Image
SOLD
$26,800,000

Massachusetts

See Similar Deals
Industrial
Sold 07/05/2023
the dealplayerscompscontact
Property Image
SOLD

Spirit Realty Capital Acquires Alsen Mapes Industrial Park In Dorchester For $26.8M

40 Sturtevant St Dorchester, MA 02122, USA

See Similar Deals
Industrial
Sold 07/05/2023
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale

Spirit Realty Capital, represented by Jackson Hsieh, has acquired the Alsen Mapes industrial park located at 40-44 Sturtevant Street and 50 Park Street in Dorchester's Fields Corner neighborhood for $26.8 million. The park is home to Dutch Maid Bakery and Royal Label Co.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $26,800,000
  • Buyer: Spirit Realty Capital - Jackson Hsieh
  • Seller: Keystone Capital Management
  • Market: Dorchester & Boston, MA
  • Address: 40-44 Sturtevant Street & 50 Park Street

Spirit Realty Capital, a real estate investment company, acquired the Alsen Mapes industrial park in Dorchester's Fields Corner neighborhood. The acquisition was made for a total price of $26.8 million. The park is known for its tenants Dutch Maid Bakery and Royal Label Co. The transaction was facilitated by Jackson Hsieh of Spirit Realty Capital.

Players

JH
Jackson Hsieh
8 deals$856.4M volume
BUYER

Details

SOLD
IMAGE: Jackson Hsieh DATE: 07/05/2023 ADDRESS: 40-44 Sturtevant Street & 50 Park Street MARKET: Dorchester & Boston, MA ASSET TYPE: Industrial BUYER: Spirit Realty Capital - Jackson Hsieh SELLER: Keystone Capital Management SALE PRICE: $26,800,000 NOTE: Spirit Realty Capital, has acquired the Alsen Mapes industrial park in Dorchester's Fields Corner neighborhood for $26.8 million. The park is home to Dutch Maid Bakery and Royal Label Co.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,429,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,214.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,045.67
Annual Debt Service$1,524,548.07