Office Building For Sale

Office for Sale
Catylist Listing ID: 30049933
Property Subtypes: Office Building
Building Size (RSF): 10,306 SF
Gross Building Area: See Agent
Sale Price: $595,000
Unit Price: $57.73 PSF
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Other
Cap Rate: 7.11%
Last Updated: 7/28/2017

Overview / Comments

Two-story brick professional office building with on-site paved parking with 20+ space plus some on-street. Building has gas HVAC, electricity, city water and sewer. Some in-suite restrooms and 4 common area restrooms. All leases are gross with HVAC and electric included in rents. All other expenses are on a base year with tenants paying percentage increases.

Located on high volume on the corner of Park Ave and Main St at the rotary and across from the West Springfield Commons. Minutes from downtown Springfield. Close to all major roads, Route 5, I-91 and Mass Pike. On bus route and close to CBD, shopping and restaurants.

Additional Details

Nearest MSA: Springfield
County: Hampden
Tax ID/APN: WSPR-000422-000200
Zoning: BUSINESS A
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1984
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 20
Zoning Description: Business A
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,093 124,323 240,486
Median Age: 30.67 35.35 37.27
Households: 7,268 49,363 93,760
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