Bill Crooker Of STAG Industrial Sells Industrial Asset At 80 Northwest Boulevard For $67M

The property asset involved in the transaction is an industrial building located at 80 Northwest Boulevard, Nashua, NH. The asset comprises a total square footage of 337,391 and was sold for a sale price of $67,000,000, reflecting a price per square foot of $199.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $67,000,000
• Seller: Bill Crooker - STAG Industrial
• Seller's Representative: Blake Baldwin & Tom Farrelly - Cushman & Wakefield
• Buyer's Representative: Brian Morrissey - JLL
• Cap Rate: 4.9%
• Unlevered IRR: 20.8%
• Acquisition Price: $11.7M
• Acquisition Cap Rate: 8.2%
• Hold Period: 11 years

This transaction involved key representatives from established firms. Bill Crooker, representing STAG Industrial, was the seller in this deal, while Blake Baldwin and Tom Farrelly from Cushman & Wakefield acted as the seller's representatives. Brian Morrissey from JLL represented the buyer in the transaction.