Updated Dec 4, 2024
All-Star Sports Acquires 5.7 Acre Industrial Property In Leominster, MA For $5M
27 Nashua Street
$5,000,000
$52/SF
Building Size
95,000 SF
Asset Type
Industrial
Closing
Dec 15, 2023
About this deal
AI
27 Nashua Street in Leominster, MA, has been sold for $5 million in a transaction facilitated by The Stubblebine Company/CORFAC International in collaboration with Commonwealth Property Associates. The property is an industrial asset with a size of 5.7 acres. It spans a total area of 95,000 square feet and has a price per square foot of $53. Located in Leominster, MA, this industrial property offers a significant investment opportunity.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $5,000,000
- Square Footage: 95,000
- Price per Square Foot: $53
- Address: 27 Nashua Street, Leominster, MA
- Market: Leominster, MA
The buyer of 27 Nashua Street is Brad Jurga, representing Ampac Enterprises. Alan Ringuete, from The Stubblebine Company, served as the buyer's representative in this transaction. The seller was represented by Tuomo Peltokangas of Commonwealth Property Associates. This successful sale marks a significant milestone in closing the deal for the property located in Leominster, MA.
Players
Leominster Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93