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STAG Industrial Offloads Nashua Property for $67M
STAG Industrial, Inc. completed the sale of a building in Nashua, NH for gross proceeds of
$67.0 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.”
Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!
- ◦Sale/Acquisition
