July 10, 2024 – Ryan O’Rourke, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Precision Machinists in Chelmsford, Massachusetts.  Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,100,000.

Precision Machinists is located at 299 Littleton Road in Chelmsford, Massachusetts. Precision Machinists occupies a 12,637 square foot building on a 0.92-acre parcel, and executed a 15-year Absolute NNN Lease upon the close of escrow.  The 15-year lease also features four (4), 5-year renewal options and 2.5% annual rent increases throughout the primary lease term and renewal options. In 2023 alone, Precision Machinists invested over $1 million into improvements including a Nakamura Tome WT150 and Matsuura H-Plus 300, which are both capable of 24/7 “lights out” manufacturing of complete parts. Furthermore, Precision Machinists has ongoing investment initiatives including investing in a new, best-in-class ERP system, purchasing a third Swiss Screw CNC Machine, and advancing further improvements in automation and cost reduction initiatives. Precision Machinists is ideally situated along Littleton Road (MA Route 130) and is positioned within an industrial and manufacturing cluster adjacent to Interstate 495. Chelmsford is approximately 25 miles northwest of Boston.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.