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27 Nashua Street

Updated Dec 4, 2024

All-Star Sports Acquires 5.7 Acre Industrial Property In Leominster, MA For $5M
SOLDIndustrial

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

Tuomo Peltokangas

Commonwealth Property Associates

Broker

$5M

vol

1 deal

Broker

Leominster Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $52 per square foot on a published $5M for 95,000 square feet (2023).

Visit The Stubblebine Company to view all their deals.

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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

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