Updated Dec 5, 2024
Arden Logistics Parks Acquires Industrial Portfolio In Mansfield, Fall River, New Bedford, Seekonk, Attleboro & Norton, MA For $160M
60 Maple Street, Mansfield, Massachusetts 02048, United States
$160,000,000
$125/SF
Building Size
1,277,045 SF
Asset Type
Industrial
Closing
Jun 7, 2022
About this deal
AI
Arden Logistics Parks has acquired a portfolio of industrial properties in Mansfield, Fall River, New Bedford, Seekonk, Attleboro, and Norton, MA. The properties included in the transaction are located at 60 Maple Street, 81 Commerce Drive, 55 Samuel Barnet Boulevard, 45 Vineyard Road, 20 Townsend Road, and 10, 15 & 50 Commerce Drive. The total square footage of the portfolio is 1,277,045 and the sale price was $160,000,000, resulting in a price per square foot of $125. The seller of the properties was Westbrook Partners.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $160,000,000
- Buyer: Arden Logistics Parks
- Seller: Westbrook Partners
- Brokers: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman & Dan Hines - CBRE
The transaction was facilitated by the brokers from CBRE, namely Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman, and Dan Hines. Their expertise and representation were crucial in completing the deal successfully.
On the Map
$160,000,000
$125/SF
Industrial
View full map
Players
Mansfield Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Timothy (Tim) Mulhall to view all their deals.
Browse Massachusetts industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93