Brickman Acquires Industrial Property In Mansfield, MA For $17.6M
SOLD
$17,600,000
+ 4
Massachusetts
See Similar DealsIndustrial81,596 SF
Sold 11/09/2021
SOLD
Brickman Acquires Industrial Property In Mansfield, MA For $17.6M
575 West Street, Mansfield, Massachusetts, USA
See Similar DealsIndustrial81,596 SF
Sold 11/09/2021
+ 4
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$215
Total Square Footage:81,596 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$938,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,529.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,432.98
Annual Debt Service$1,001,195.75
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