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Leominster Industrial Properties Sold for $7.45M

Aug 13, 2019 | Reprints | Unlock Link | Print

A pair of fully leased industrial buildings in Leominster have been acquired for $7.45 million.

Hamano Partnership sold 100 and 110 Jytek Drive to Boston-based Valor Capital in a transaction brokered by The Stubblebine Co./CORFAC International.

Both properties are occupied by EIS, a subsidiary of Genuine Auto Parts.

“Valor Capital made an astute decision to purchase the assets as they provide long-term stable cash flow and are located in an established industrial park with all utilities in an extremely strong sub-market which boasts a 3 percent vacancy rate,” Principal David Stubblebine said in a statement.

B&T Daily