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State of Vermont Office Building 108 Cherry St 108,723 SF 100% Leased Office Building Burlington, VT 05401 For Sale
INVESTMENT HIGHLIGHTS
- 3.5 story with 153,578 square feet of parking area
- Metal insulated & metal insulated glass entry doors
- Corner lot with frontage on St. Paul Street
EXECUTIVE SUMMARY
This is an extraordinary opportunity to acquire a State of Vermont property located in the heart of Burlington, Vermont’s Central Business District. The State has downsized its needs and will be relocating its current offices to a smaller Burlington location. As such, this property will be sold vacant— allowing a new owner/developer to take advantage of the incredible infrastructure already in place. Further details concerning this property and the SFO process are posted further in this prospectus.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
108,723 SF
Building Class
B
Year Built
1993
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
36,241 SF
Building FAR
2.15
Lot Size
1.16 AC
Opportunity Zone
Yes
Zoning
Downtown Core - Very wide range of commercial and residential uses are permitted. See flyer for details.
Parking
425 Spaces (3.91 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Security System
- Roof Terrace
- Car Charging Station
- Direct Elevator Exposure
- Natural Light
- Shower Facilities
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Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | (035) 044-4-043-000 | Improvements Assessment | $27,088,700 |
| Land Assessment | $2,020,700 | Total Assessment | $29,109,400 |
PROPERTY TAXES
Parcel Number
(035) 044-4-043-000
Land Assessment
$2,020,700
Improvements Assessment
$27,088,700
Total Assessment
$29,109,400
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State of Vermont Office Building | 108 Cherry St
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