Updated Oct 29, 2024
United Plastics Corp. Acquires Warehouse In Leominster, MA For $4.2M
75 Jytek Drive, Leominster, MA, USA
$4,200,000
$32/SF
Building Size
128,592 SF
Asset Type
Industrial
Closing
Nov 17, 2020
About this deal
AI
A warehouse located at 75 Jytek Park in Leominster, MA was recently sold. The property, owned by Jytek Industrial Trust, was purchased by United Plastics Corp. The transaction was facilitated by brokers David Stubblebine and James Stubblebine from The Stubblebine Co.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $4,200,000
- Square Footage: 128,592
- Price per Square Foot: $33
- Market: Leominster, MA
The deal, which closed on November 18, 2020, involved the sale of the warehouse. The property spans over 128,592 square feet and was sold for a total amount of $4,200,000, resulting in a price per square foot of $33. David Stubblebine and James Stubblebine, representing The Stubblebine Co, acted as the brokers in this transaction, facilitating the sale between the seller, Jytek Industrial Trust, and the buyer, United Plastics Corp.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93