Updated Oct 29, 2024
Spirit Realty Capital Acquires Alsen Mapes Industrial Park In Dorchester For $26.8M
40 Sturtevant St Dorchester, MA 02122, USA
$26,800,000
Building Size
—
Asset Type
Industrial
Closing
Jul 5, 2023
About this deal
AI
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.
On the Map
$26,800,000
Industrial
View full map
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Boston industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93