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Alan Ringuette Of The Stubblebine Company Represents Buyer In $4.25M Sterling MA Industrial Sale

Property Image
SOLD
$4,250,000
Harrison Klein
Alan Ringuette

Massachusetts

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Industrial36,977 SF
Sold 08/20/2025
the dealplayerscompscontact
Property Image
SOLD

Alan Ringuette Of The Stubblebine Company Represents Buyer In $4.25M Sterling MA Industrial Sale

86 Leominster Road

See Similar Deals
Industrial36,977 SF
Sold 08/20/2025
Harrison Klein
Alan Ringuette
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$114
Total Square Footage:36,977 SF
Transaction Type:Sale

The transaction involved the sale of an industrial office warehouse located at 86 Leominster Road in Sterling, MA. The asset comprises a total of 36,977 square feet and was sold for a price of $4,250,000, which translates to a price per square foot of $115.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,250,000
  • Square Footage: 36,977
  • Address: 86 Leominster Road
  • Market: Sterling, MA
  • Buyer's Representative: Alan Ringuette - The Stubblebine Company
  • Seller's Representative: Harrison Klein - Marcus & Millichap

This transaction included a partial leaseback arrangement, allowing the seller to retain space for their business operations while the buyer occupies the remaining area of the property.

Players

Harrison Klein
Marcus & Millichap
Harrison Klein
47 deals$177.2M volume
BROKER
Alan Ringuette
The Stubblebine Company
Alan Ringuette
1 deal$4.3M volume(857) 362-0108
BROKER
The Stubblebine Company
The Stubblebine Company
BROKERAGE
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Alan Ringuette & Harrison Klein DATE: 08/20/2025 ADDRESS: 86 Leominster Road MARKET: Sterling, MA ASSET TYPE: Industrial BUYER'S REP: Alan Ringuette - The Stubblebine Company (@StubblebineCompanyCRE) SELLER'S REP: Harrison Klein (@TheKleinGroupBoston) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,250,000 SF: 36,977 ~ PPSF: $115 NOTE: Marcus & Millichap brokered the $4.25M sale of a 36,977 sf industrial office warehouse at 86 Leominster Rd. in Sterling, MA. The deal included a partial leaseback, with the seller retaining space for their business while the buyer will occupy the rest.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
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