Marcus & Millichap Brokers Facilitate $1.56M Sale Of Industrial Property In Leominster, MA
SOLD
$1,559,000
Massachusetts
See Similar DealsIndustrial21,200 SF
Sold 12/07/2021
SOLD
Marcus & Millichap Brokers Facilitate $1.56M Sale Of Industrial Property In Leominster, MA
11 Jytek Road, Leominster, MA 01453
See Similar DealsIndustrial21,200 SF
Sold 12/07/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$73
Total Square Footage:21,200 SF
Transaction Type:Sale
An industrial property located at 11 Jytek Rd in Leominster, MA has been sold for a price of $1,559,000. The property spans a total area of 21,200 square feet, resulting in a price per square foot of $73.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,559,000
- Address: 11 Jytek Rd, Leominster, MA
- Market: Leominster, MA
The sale of this industrial property was facilitated by Harrison Klein and Mark Lyman of Marcus & Millichap. They represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$83,146.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,538.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,390.46
Annual Debt Service$88,685.46
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