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Pioneer Logistics Center 154 Pioneer Dr 55,330 SF 77% Leased Industrial Building Leominster, MA 01453 $8,235,928 CAD ($148.85 CAD/SF)
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $8,235,928 CAD | Rentable Building Area | 55,330 SF |
| Price Per SF | $148.85 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 21’ |
| Building Class | B | No. Dock-High Doors/Loading | 8 |
| Lot Size | 4.82 AC | ||
| Zoning | I - Industrial and manufacturing | ||
| Price | $8,235,928 CAD |
| Price Per SF | $148.85 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 4.82 AC |
| Rentable Building Area | 55,330 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 0.58/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Dock-High Doors/Loading | 8 |
| Zoning | I - Industrial and manufacturing |
AMENITIES
- Yard
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PROPERTY TAXES
| Parcel Number | LEOM-000463-000010 | Improvements Assessment | $3,284,353 CAD |
| Land Assessment | $1,216,448 CAD | Total Assessment | $4,500,801 CAD |
PROPERTY TAXES
Parcel Number
LEOM-000463-000010
Land Assessment
$1,216,448 CAD
Improvements Assessment
$3,284,353 CAD
Total Assessment
$4,500,801 CAD
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Pioneer Logistics Center | 154 Pioneer Dr
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