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Stan Johnson Company Brokers $4M Off-Market Sale of Sterling Industrial Facility
Stan Johnson Company has completed the sale of a 60,000-square-foot industrial distribution facility in Sterling, MA, for $4.2 million. The Chocksett Road property is fully leased.
Stan Johnson Company’s Erik Lundberg represented the seller, an individual investor based in Leominster, MA. The buyer was NB Partners III LP, a Wakefield, MA-based institutional investor.
“We were able to achieve full asking price on an off-market basis for this property that features a short-term lease in place with Utz Quality Foods,” said Lundberg, associate director in Stan Johnson Company’s Tulsa, OK, headquarters.
The two-story, Class B industrial property was built in 2006 and is situated on 4.8 acres minutes from Interstate 190. Sterling, MA is located just 20 minutes north of Worcester and approximately 40 miles west of the Boston metro area.
- ◦Sale/Acquisition
