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575 West Street, Mansfield,...

Brickman Acquires Industrial Property In Mansfield, MA For $17.6M
SOLDIndustrial

Brickman Acquires Industrial Property In Mansfield, MA For $17.6M

575 West Street, Mansfield, Massachusetts, USA

$17,600,000

$215/SF

Building Size

81,596 SF

Asset Type

Industrial

Closing

Nov 9, 2021

AI

The industrial property located at 575 West Street in Mansfield, MA has been sold for a total price of $17,600,000. The property spans across 50 acres and consists of approximately 81,596 square feet. The sale price per square foot amounts to $215.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $17,600,000
  • Address: 575 West Street, Mansfield, MA
  • Market: Mansfield, MA
  • Acres: 50

The buyer of the property is Brickman, while the seller is QS Forbes Boulevard LLC. The sale was facilitated by CBRE, with Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines representing both the buyer and the seller.

Players

Chris Skeffington

CBRE

Broker

$1.2B

vol

19 deals

Broker
QL
QS Forbes Boulevard, LLCSeller

Mansfield 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

0.90%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93