STAG Industrial, Inc. (NYSE:STAG) today announced it has completed the sale of a building in Nashua, New Hampshire on January 31st for gross proceeds of $67.0 million, representing a Cash Capitalization Rate of 4.9%.
The 337,391 square foot building was acquired in 2014 at an 8.2% Cash Capitalization Rate for a purchase price of 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, Chief Executive Officer of the Company. “This transaction contributes to STAG’s ability to accretively recycle capital as opportunities arise entering 2025.”
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership, and operation of industrial properties throughout the United States. As of September 30, 2024, the Company’s portfolio consists of 578 buildings in 40 states with approximately 114.5 million rentable square feet.
For additional information, please visit the Company’s website at www.stagindustrial.com.
