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Warehouse

21 Central Court

21 Central Ct, Leominster, MA 01453

Listing Price: $3,250,000

Cap Rate
6.14%
Gross SF
53,700
Price/Gross SF
$60.52
Lot Size
2.90 acres
Year Built
1940
Rentable SF
53,700

Investment Overview

21 Central included attached warehouse buildings situated in Downtown Leominster, walking distance from retail amenities and a substantial workforce. 30,000 square feet was built between 1989 and 1992, featuring 10 loading docks. The remainder has been well maintained and is currently occupied by four tenants with “at will” leases. This property is ideal for a user or a value-add investor. Current gross rents are over 50% below market. The primary tenant, a distributor, has a lease running through October 2026.

Investment Highlights

  • Core location in strong manufacturing market.
  • Short leases ideal for user or value-add.
  • Convenient highway access: 2.1 miles to I-190, 2.3 miles to Route 2

Exclusively Listed By

Financing By

Warehouse

21 Central Court

Listing Price: $3,250,000

Cap Rate
6.14%
Gross SF
53,700
Price/Gross SF
$60.52
Lot Size
2.90 acres
Year Built
1940
Rentable SF
53,700

Investment Highlights

  • Core location in strong manufacturing market.
  • Short leases ideal for user or value-add.
  • Convenient highway access: 2.1 miles to I-190, 2.3 miles to Route 2

Investment Overview

21 Central included attached warehouse buildings situated in Downtown Leominster, walking distance from retail amenities and a substantial workforce. 30,000 square feet was built between 1989 and 1992, featuring 10 loading docks. The remainder has been well maintained and is currently occupied by four tenants with “at will” leases. This property is ideal for a user or a value-add investor. Current gross rents are over 50% below market. The primary tenant, a distributor, has a lease running through October 2026.

Exclusively Listed By

Financing By

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