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Conveniently located in business-friendly Leominster, this industrial property offers approximately 28, 000 square feet of industrial/manufacturing space. A newly constructed 75' x 155' addition, featuring four ADA-compliant restrooms, seamlessly connects to the original building, which was built in the late 1990s. Together, they provide a versatile, open-layout space ready to be customized to suit a variety of operational needs. Ceiling heights range from 22 to 27 feet in the original building and 18 to 21 feet in the new addition. The facility is equipped with one 10' x 14' drive-in door, five loading docks, and robust 480V three-phase power with 2, 000-amp service. Convenient access to Route 2 and Route 190 is just minutes away. The property also features ample on-site parking with 29 spaces and includes two large material silos. This well-maintained, move-in-ready facility presents an excellent opportunity for owner-users or investors looking to expand their portfolio.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $3,400,000 | $3,400,000 | $3,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,170 | $1,170 | $1,170 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,305 | $20,385 | $28,691 |
| Total Monthly Payment | $20,600 | $21,680 | $29,986 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.