STAG Industrial Finalizes 337,000 Square Foot Building Sale in Nashua, NH
On February 3, 2025, STAG Industrial, Inc. announced the successful sale of a substantial 337,391 square foot industrial property located in Nashua, New Hampshire. This transaction marks a key milestone for the company and is a reflection of their ability to generate impressive returns in the current market. The building, which was acquired back in 2014 at a purchase price of approximately $11.7 million, was sold for an impressive $67.0 million on January 31, 2025. The sale resulted in a Cash Capitalization Rate of 4.9%.
Bill Crooker, the CEO of STAG Industrial, expressed his satisfaction with the sale, highlighting the significant 20.8% unlevered internal rate of return achieved over the holding period. This success not only underlines the operational efficiency of the STAG team but also indicates the effective management of their property portfolio. Crooker stated, “The significant cap rate compression realized from the sale is a great indicator of the operations team's proficiency in delivering positive results.”
The importance of this sale extends beyond the financial figures. It illustrates the company’s adeptness at capitalizing on market trends while strategically recycling capital. As STAG Industrial approaches 2025, they aim to leverage such opportunities as they arise, ensuring continued growth and investment potential.
Founded as a real estate investment trust (REIT), STAG Industrial focuses on acquiring, operating, and owning industrial properties across the United States. As of September 30, 2024, the company managed a portfolio of 578 properties located in 40 states, comprising approximately 114.5 million rentable square feet. This extensive footprint allows STAG Industrial to draw on a broad market base, maximizing investment results.
The recent sales achievement is a positive signal for stakeholders and indicates a robust future for STAG Industrial. Investors and analysts are likely to view this transaction as a benchmark in assessing the company’s market performance and future strategic moves. STAG's venture not only reflects their acumen in navigating the complex real estate terrain but also positions them favorably in the competitive industrial sector.
In summary, STAG Industrial’s completion of this significant sale in Nashua, NH exemplifies their strategic prowess and commitment to enhancing their portfolio value. Given the current trends, STAG Industrial appears well-positioned to continue its success in the industrial real estate market, making it a company to watch in the coming years. To stay updated on their future ventures and corporate developments, further details and supplementary information are available on the company’s official website.
Bill Crooker, the CEO of STAG Industrial, expressed his satisfaction with the sale, highlighting the significant 20.8% unlevered internal rate of return achieved over the holding period. This success not only underlines the operational efficiency of the STAG team but also indicates the effective management of their property portfolio. Crooker stated, “The significant cap rate compression realized from the sale is a great indicator of the operations team's proficiency in delivering positive results.”
The importance of this sale extends beyond the financial figures. It illustrates the company’s adeptness at capitalizing on market trends while strategically recycling capital. As STAG Industrial approaches 2025, they aim to leverage such opportunities as they arise, ensuring continued growth and investment potential.
Founded as a real estate investment trust (REIT), STAG Industrial focuses on acquiring, operating, and owning industrial properties across the United States. As of September 30, 2024, the company managed a portfolio of 578 properties located in 40 states, comprising approximately 114.5 million rentable square feet. This extensive footprint allows STAG Industrial to draw on a broad market base, maximizing investment results.
The recent sales achievement is a positive signal for stakeholders and indicates a robust future for STAG Industrial. Investors and analysts are likely to view this transaction as a benchmark in assessing the company’s market performance and future strategic moves. STAG's venture not only reflects their acumen in navigating the complex real estate terrain but also positions them favorably in the competitive industrial sector.
In summary, STAG Industrial’s completion of this significant sale in Nashua, NH exemplifies their strategic prowess and commitment to enhancing their portfolio value. Given the current trends, STAG Industrial appears well-positioned to continue its success in the industrial real estate market, making it a company to watch in the coming years. To stay updated on their future ventures and corporate developments, further details and supplementary information are available on the company’s official website.
Topics General Business）
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