154 Pioneer Dr - Distribution FOR SALE


Leominster, MA 01453- Outer Fitchburg/Leominster
$5,900,000 USD
757-778-5012
154 Pioneer Dr, Leominster, MA for Sale
$5,900,000 USD
Distribution - FOR SALE
1/7
null | Request Cap Rate

154 Pioneer Dr
Leominster, MA 01453
Outer Fitchburg/Leominster


OVERVIEW

154 Pioneer Drive is a functionally-strong industrial asset leased back to the operating company on a fresh, long-term absolute NNN basis. Day-one durable cash flow at 8% cap, built-in escalators as an inflation hedge, and residual value in a versatile, easily re-tenantable warehouse/distribution facility. Ideal for 1031, core-plus, private REITs, and family offices seeking yield with downside protection. The property is located 1.2 miles from access to Route 2, among some of the best corporate neighbors in Leominster such as AlphaGary, Highline Warren, and F&M Tool and Plastics. Surrounding areas offer a variety of amenities, including Dunkin Donuts, as well as the Orchard Hill Park which houses big-box tenants such as Target, Kohl's, and Dick's Sporting Goods.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pioneer Logistics Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

21 Ft

DOCKS

8

DRIVE INS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

4.82

LAND SF

209,959

ZONING

I

APN/PARCEL ID

LEOM-000463-000010

ASK ABOUT THIS PROPERTY

Brandon MeeksO'Brien Commercial Properties, Inc.More Info
757-778-5012

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Brandon MeeksO'Brien Commercial Properties, Inc.More Info
757-778-5012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.