STAG INDUSTRIAL COMPLETES SALE OF 337,000 SQUARE FOOT BUILDING LOCATED IN NASHUA, NEW HAMPSHIRE
STAG Industrial (NYSE:STAG) has announced the successful sale of a 337,391 square foot building in Nashua, New Hampshire for $67.0 million. The transaction, completed on January 31st, represents a Cash Capitalization Rate of 4.9%. The property, which was originally acquired in 2014 for approximately $11.7 million at an 8.2% Cash Capitalization Rate, generated a 20.8% unlevered internal rate of return over the holding period.
CEO Bill Crooker highlighted that the significant cap rate compression achieved from the sale demonstrates the operations team's effectiveness in delivering positive results, while positioning STAG to pursue accretive capital recycling opportunities in 2025.
STAG Industrial (NYSE:STAG) ha annunciato la vendita riuscita di un edificio di 337.391 piedi quadrati a Nashua, New Hampshire per 67,0 milioni di dollari. La transazione, completata il 31 gennaio, rappresenta un tasso di capitalizzazione in contante del 4,9%. L'immobile, inizialmente acquisito nel 2014 per circa 11,7 milioni di dollari con un tasso di capitalizzazione in contante dell'8,2%, ha generato un tasso di rendimento interno non levato del 20,8% durante il periodo di possesso.
Il CEO Bill Crooker ha sottolineato che la significativa compressione del tasso di capitalizzazione ottenuta dalla vendita dimostra l'efficacia del team operativo nel fornire risultati positivi, posizionando STAG per perseguire opportunità di riciclo del capitale accretivo nel 2025.
STAG Industrial (NYSE:STAG) ha anunciado la exitosa venta de un edificio de 337,391 pies cuadrados en Nashua, New Hampshire por 67.0 millones de dólares. La transacción, completada el 31 de enero, representa una tasa de capitalización en efectivo del 4.9%. La propiedad, que fue adquirida originalmente en 2014 por aproximadamente 11.7 millones de dólares a una tasa de capitalización en efectivo del 8.2%, generó una tasa interna de retorno no apalancada del 20.8% durante el período de tenencia.
El CEO Bill Crooker destacó que la significativa compresión de la tasa de capitalización lograda con la venta demuestra la eficacia del equipo de operaciones en la entrega de resultados positivos, mientras posiciona a STAG para perseguir oportunidades de reciclaje de capital accretivo en 2025.
STAG Industrial (NYSE:STAG)은 뉴햄프셔주 내슈아에 위치한 337,391 평방피트 규모의 건물을 6,700만 달러에 성공적으로 매각했다고 발표했습니다. 이번 거래는 1월 31일에 완료되었으며, 현금 자본화율은 4.9%를 나타냅니다. 이 부동산은 2014년에 약 1,170만 달러에 취득되었으며, 이때의 현금 자본화율은 8.2%였습니다. 보유 기간 동안 무차입 내부 수익률은 20.8%에 달했습니다.
CEO인 빌 크루커(Bill Crooker)는 매각을 통해 달성된 상당한 자본화율 압축이 운영 팀의 긍정적인 결과를 제공하는 능력을 입증하며, STAG이 2025년에 자본 재활용을 위한 유익한 기회를 추구할 수 있도록 한다고 강조했습니다.
STAG Industrial (NYSE:STAG) a annoncé la vente réussie d'un immeuble de 337,391 pieds carrés à Nashua, New Hampshire pour 67,0 millions de dollars. La transaction, finalisée le 31 janvier, représente un taux de capitalisation en espèces de 4,9%. La propriété, initialement acquise en 2014 pour environ 11,7 millions de dollars avec un taux de capitalisation en espèces de 8,2%, a généré un taux de rendement interne dénudé de 20,8% pendant la période de détention.
Le PDG Bill Crooker a souligné que la compression significative du taux de capitalisation obtenue grâce à la vente démontre l'efficacité de l'équipe opérationnelle à fournir des résultats positifs, tout en positionnant STAG pour poursuivre des opportunités de recyclage de capital créatrices de valeur en 2025.
STAG Industrial (NYSE:STAG) hat den erfolgreichen Verkauf eines 337.391 Quadratfuß großen Gebäudes in Nashua, New Hampshire für 67,0 Millionen Dollar bekannt gegeben. Die Transaktion, die am 31. Januar abgeschlossen wurde, repräsentiert eine Cash-Kapitalisierungsrate von 4,9%. Die Immobilie, die ursprünglich 2014 für etwa 11,7 Millionen Dollar mit einer Cash-Kapitalisierungsrate von 8,2% erworben wurde, erzielte über die Haltedauer eine unverschuldete interne Rendite von 20,8%.
CEO Bill Crooker hob hervor, dass die signifikante Kompression der Kapitalisierungsrate durch den Verkauf die Effizienz des operativen Teams bei der Bereitstellung positiver Ergebnisse demonstriert, während STAG in die Lage versetzt wird, im Jahr 2025 kumulative Kapitalrecycling-Möglichkeiten zu verfolgen.
- Sale price of $67.0 million represents significant profit from $11.7 million purchase price
- Strong 20.8% unlevered internal rate of return over holding period
- Successful cap rate compression from 8.2% to 4.9%
- Lower capitalization rate of 4.9% on sale compared to 8.2% at acquisition indicates lower yield on property value
Insights
The sale of STAG's Nashua property represents a masterclass in value creation through strategic asset management and market timing. The compression from an 8.2% acquisition cap rate to a 4.9% disposition cap rate is particularly noteworthy in the industrial real estate sector. This 330 basis point compression demonstrates both the quality of the asset management team's operational improvements and the broader market's continued strong appetite for well-located industrial assets.
The transaction's metrics are impressive on multiple fronts: The
The timing of this disposition is strategic, as it allows STAG to:
- Capitalize on strong industrial asset pricing while recycling capital into potentially higher-yielding opportunities
- Strengthen the balance sheet with substantial gains that can be redeployed accretively
- Demonstrate to shareholders the embedded value within their portfolio that may not be fully reflected in the stock price
The successful execution of this sale positions STAG well for 2025, providing dry powder for acquisitions in markets where they may find relative value opportunities. The transaction also validates their portfolio optimization strategy and suggests potential for similar value creation across their broader asset base.
The 337,391 square foot building was acquired in 2014 at an
"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
For additional information, please visit the Company's website at www.stagindustrial.com. Please refer to the Company's most recent supplemental information package, available on the website, for the definition of Cash Capitalization Rate.
Forward-Looking Statements
This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2023, as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
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SOURCE STAG Industrial, Inc.
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