Alan Ringuette Of The Stubblebine Company Represents Buyer In $4.25M Sterling MA Industrial Sale
86 Leominster Road
$4,250,000
$114/SF
Building Size
36,977 SF
Asset Type
Industrial
Closing
Aug 20, 2025
AI
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
Sterling 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93