Updated Feb 25, 2026
Matthew Blackham Of The LexVest Group Acquires Industrial Property From Joel Baker For $4M
44 Mead Street
$4,000,000
$64/SF
Building Size
62,259 SF
Asset Type
Industrial
Closing
Feb 19, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 44 Mead Street in Leominster, MA. The transaction was finalized at a sale price of $4,000,000, with a total square footage of 62,259. The price per square foot comes to $64.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 44 Mead Street
- Market: Leominster, MA
- Square Footage: 62,259
- Price Per Square Foot: $64
- Buyer: Matthew Blackham - The LexVest Group
- Seller: Joel Baker
- Buyer's Representative: Nate Nickerson - Fieldstone Commercial Properties
- Seller's Representative: Harrison Klein - Marcus & Millichap
This transaction featured prominent individuals, including the buyer Matthew Blackham from The LexVest Group and seller Joel Baker. The buyer's interests were represented by Nate Nickerson from Fieldstone Commercial Properties, whereas the seller was represented by Harrison Klein from Marcus & Millichap, ensuring both parties had professional oversight throughout the deal.
On the Map
$4,000,000
$64/SF
Industrial
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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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93