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115 Wayside Ave 7,572 SF Industrial Building West Springfield, MA 01089 $900,000 ($118.86/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased NNN
- Current NOI: $62,961. NOI will increase to $74,904 Nov 2026.
- 6 Years Remaining on Lease
EXECUTIVE SUMMARY
115 Wayside Avenue presents a prime investment opportunity with a 7,572± SF industrial building strategically located within a well-established industrial park. This single-story, steel-frame property is 100% leased on a NN basis, generating a net operating income (NOI) of $62,961, with six years remaining on the current lease. The NOI will increase to $74,904 beginning Nov 2026.
PROPERTY FACTS Under Contract
| Price | $900,000 | Lot Size | 0.56 AC |
| Price Per SF | $118.86 | Rentable Building Area | 7,572 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 1955 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.64/1,000 SF |
| Building Class | C | ||
| Zoning | BB | ||
| Price | $900,000 |
| Price Per SF | $118.86 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.56 AC |
| Rentable Building Area | 7,572 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 2.64/1,000 SF |
| Zoning | BB |
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PROPERTY TAXES
| Parcel Number | WSPR-000514-003050-000081 | Improvements Assessment | $428,400 |
| Land Assessment | $117,300 | Total Assessment | $545,700 |
PROPERTY TAXES
Parcel Number
WSPR-000514-003050-000081
Land Assessment
$117,300
Improvements Assessment
$428,400
Total Assessment
$545,700
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115 Wayside Ave
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