248 Industrial Road (“248”) is a 156,876 SF concrete block building occupying 7 acres of land in Leominster, MA. The building has a rail spur and approximately 10,000 SF of office space. Clear height in the warehouse portion of the building is approximately 18’. Masonite Holdings currently leases 100% of the property on a NNN basis, in a long term lease.

Investment Thesis: Calare’s investment strategy is to acquire a desirable industrial property, net leased to a high-quality tenant, at an attractive capitalization rate. This results high current cash distributions with capital appreciation as the rent increases over the life of the lease.