STAG Industrial Offloads Nashua Property for $67M
[…]
STAG Industrial, Inc. completed the sale of a building in Nashua, NH for gross proceeds of
.0 million. Representing a cash cap rate of 4.9%, the sale to an undisclosed buyer ended an 11-year hold on the property.
The 337,391-square-foot building at 80 Northwest Blvd. in Nashua’s Westwood Park was acquired in 2014 at an 8.2% cash cap rate for approximately $11.7 million. The sale resulted in a 20.8% unlevered internal rate of return over the hold period.
“The significant cap rate compression realized from the sale is a great indicator of the operations team’s proficiency in delivering positive results,” said Bill Crooker, CEO of STAG Industrial. “This transaction contributes to STAG’s ability to accretively recycle capital as opportunities arise entering 2025.”
Share this article
Follow us
Latest articles
February 6, 2025
February 6, 2025