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154 Pioneer Drive, Leominst...

Updated Oct 29, 2024

WY TCG Properties LLC Acquires Industrial Property In Leominster, MA For $4.5M
SOLDIndustrial

WY TCG Properties LLC Acquires Industrial Property In Leominster, MA For $4.5M

154 Pioneer Drive, Leominster, Massachusetts 01453, United States

$4,500,000

$81,818/SF

Building Size

55 SF

Asset Type

Industrial

Closing

Jan 8, 2023

About this deal

AI

The industrial property located at 154 Pioneer Drive in Leominster, MA has been sold in a transaction that closed on 01/09/2023. The property spans 55,330 square feet and was sold for a price of $4,500,000, resulting in a price per square foot of $81. The buyer of the property is WY TCG Properties LLC, while the seller is Monson Companies, Inc.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Address: 154 Pioneer Drive, Leominster, MA
  • Market: Leominster, MA
  • Buyer: WY TCG Properties LLC
  • Seller: Monson Companies, Inc
  • Square Footage: 55,330
  • Price Per Square Foot: $81

The sale of this industrial property was facilitated by the representation of WY TCG Properties LLC's broker, who acted on their behalf. Additional details about the transaction are not available.

Players

Leominster Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $81.8K per square foot on a published $4.5M for 55 square feet (2023).

Browse Massachusetts industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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