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86 Leominster Road

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

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

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker
The Stubblebine Company
The Stubblebine CompanyBrokerage

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