20 Commercial Rd - Storefront Retail/Office FOR SALE
Leominster, MA 01453 |
$7,695,000 USD
310-387-7042
20 Commercial Rd
Leominster, MA 01453
HIGHLIGHTS
- 90% OCCUPIED SERVICE-ORIENTED PLAZA PROVIDES STABLE, INTERNET-PROOF TENANCY
- ANCHORED BY CORPORATE TENANT WITH 13+ YEARS OF REMAINING LEASE TERM AND 10% RENT INCREASES EVERY 5 YEARS
- OTHER TENANT LEASES FEATURE ANNUAL 2%-3% RENT INCREASES
- ADJACENT TO MAJOR COMMUTER ROUTE THAT SEES MORE THAN 63,000 VPD
- PART OF THE LARGEST RETAIL DEVELOPMENT IN THE AREA, WHICH IS HOME TO MORE THAN 1 MILLION SF OF NATIONAL AND REGIONAL RETAIL TENANTS
- ALL LEASES ARE NNN WITH LIMITED LANDLORD RESPONSIBILITIES
FOR SALE DETAILS
PRICE
$7,695,000 USD
PRICE/SF
$379 USD /SF
CAP RATE
7.3%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Plaza at 20 Commercial
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
2.02 AC
LAND SF
87,991 SF
ZONING
commercial
APN/PARCEL ID
LEOM-000391-000008
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310-387-7042
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310-387-7042
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