Leominster warehouse sells for $1.58M
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An industrial warehouse on Jytek Road in Leominster sold for almost $1.6 million.
A 25,600-square-foot industrial building at 50 Jytek Road in Leominster sold for $1.58 million, according to the Worcester North District Registry of Deeds.
The buyer was registered to Steven Goodman, founder of GFI Properties, and David Stubblebine, president of The Stubblebine Co. The Stubblebine Co., which is headquartered in Lexington, was the broker of the sale.
GFI Partners is a Boston-based real estate company which has purchased several properties throughout Central Massachusetts in the past year. Most recently, GFI Partners bought a 27-acre, commercially zoned vacant property in Sutton and a $6-million office complex in Harvard.
The property spans two acres and is up for lease, according to real estate listing service LoopNet.
Jytek Road, which intersects with Jytek Drive, is a center for manufacturing and has been the site of several million-dollar sales in the past year. An engineering firm bought a $1.6-million warehouse in December, and a real estate firm bought three plastics manufacturing facilities in June.
The seller was a family trust registered to Ruth Ann and Peter Jakola, who have owned the property since 1984, when they bought it for $330,000, per the deeds registry.
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