Leominster, MA –– Valor Capital has purchased two modern 100% leased industrial buildings located at 100 & 110 Jytek Park, Leominster, MA for $7,450,000.
David Stubblebine and James Stubblebine, Principals of The Stubblebine Company/CORFAC International, represented the Owner, Hamano Partnership, and the Buyer, Valor Capital, in the transaction.
EIS, the occupant of both buildings, is a wholly owned subsidiary of Genuine Auto Parts, a leading distributor of production supplies, specialty wire and cable, motor repair, and process materials within the US. Genuine Auto Parts sells over 100,000 critical products from 39 branches and 6 fabrication facilities located in North America.
According to David Stubblebine, “Valor Capital made an astute decision to purchase the assets as they provide long-term stable cash flow and are located in an established industrial park with all utilities in an extremely strong sub-market which boasts a 3% vacancy rate.” The Stubblebine Company/CORFAC International specializes in leasing and selling large Industrial and Flex Properties throughout New England.