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South Campus | Value-Add Redevelopment 4 Properties Online Auction Sale Springfield, MA
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire the South Campus, featuring additional acreage, ideal for investors seeking a value-add opportunity.
- Savvy buyers have excellent optionality and can boost their income by renting out available units at prevailing market rates.
- Area demographics bode well for buyers with annual spending within a 5-mile radius exceeding $2.43 billion annually.
- Situated near the Massachusetts and Connecticut border, this property is positioned close to Interstates 91 and 291.
- Accessibility is a breeze, just off State Street, near many retailers and restaurants, including Dollar Tree, CVS, Panera Bread, and more.
EXECUTIVE SUMMARY
The South Campus comprises 120, 140, and 160 High Street, as well as 360 Union Street, in Springfield, Massachusetts.
The South Campus property was originally built in 1906 as the Wesson Memorial Hospital, with several additions added and approximately 185,000 square feet on eight floors. The property has approximately 675 parking spaces in the eight parking lots surrounding the campus. The property is currently 32.48% leased to various uses, with the majority being medical. It is also home to government and social service agencies vital to the community, including Baystate Health, one of Western Massachusetts's most vital economic engines, delivering over $2.6 billion in yearly economic impact.
The property is located in Springfield, Massachusetts, the state's third-largest city, often described as the Crossroads of New England for its unique role as the primary shipping nexus connecting New York City, Boston, Montreal, and the Great Lakes region through Albany, New York. As a strategic geographical trade center, Springfield offers investors more than just proximity to major metropolitan areas; it benefits from its position alongside the Connecticut River, which has historically facilitated commerce and transportation. The city's robust infrastructure includes extensive rail lines and several interstate highways, notably Interstate 90 (Mass Pike) and Interstate 91, which link Springfield directly to key cities such as New Haven, Hartford, Holyoke, Northampton, and Vermont. In addition, one of the few spurs of Interstate 91 in Massachusetts, Interstate 291, runs through Springfield, providing a valuable secondary connection between Interstate 90 and Interstate 91. This exceptional connectivity not only enhances access for tenants and visitors but also underpins the city's enduring appeal for commercial investment, making the property an attractive option for investors seeking strong logistical advantages and growth potential in a vibrant, economically significant region.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The South Campus property was originally built in 1906 as the Wesson Memorial Hospital, with several additions added and approximately 185,000 square feet on eight floors. The property has approximately 675 parking spaces in the eight parking lots surrounding the campus. The property is currently 32.48% leased to various uses, with the majority being medical. It is also home to government and social service agencies vital to the community, including Baystate Health, one of Western Massachusetts's most vital economic engines, delivering over $2.6 billion in yearly economic impact.
The property is located in Springfield, Massachusetts, the state's third-largest city, often described as the Crossroads of New England for its unique role as the primary shipping nexus connecting New York City, Boston, Montreal, and the Great Lakes region through Albany, New York. As a strategic geographical trade center, Springfield offers investors more than just proximity to major metropolitan areas; it benefits from its position alongside the Connecticut River, which has historically facilitated commerce and transportation. The city's robust infrastructure includes extensive rail lines and several interstate highways, notably Interstate 90 (Mass Pike) and Interstate 91, which link Springfield directly to key cities such as New Haven, Hartford, Holyoke, Northampton, and Vermont. In addition, one of the few spurs of Interstate 91 in Massachusetts, Interstate 291, runs through Springfield, providing a valuable secondary connection between Interstate 90 and Interstate 91. This exceptional connectivity not only enhances access for tenants and visitors but also underpins the city's enduring appeal for commercial investment, making the property an attractive option for investors seeking strong logistical advantages and growth potential in a vibrant, economically significant region.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
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DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Utilities
- Utility Easement
PROPERTY FACTS
| Sale Condition | Auction Sale | Number of Properties | 4 |
| Type of Ownership | Fee Simple | Total Building Size | 194,006 SF |
| Sale Type | Investment | Total Land Area | 8.86 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Total Building Size | 194,006 SF |
| Total Land Area | 8.86 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
| 120 High St, Springfield, MA 01105 | Industrial | 6,912 SF | 1907 |
| 360 Union St, Springfield, MA 01105 | Land | 236,232 SF | - |
| 140 High St, Springfield, MA 01199 | Office | 179,554 SF | 1904 |
| 160 High St, Springfield, MA 01105 | Office | 7,540 SF | 1953 |
SALE ADVISOR
SALE ADVISOR
Michael Guidicelli, CCIM, SIOR, Broker & Owner
Michael stands at the forefront of the investment real estate market as the esteemed Owner and Power Broker of Regions Commercial, LLC. His firm is renowned for its specialization in the sale of intricate investment properties and providing unparalleled tenant representation services. Michael's expertise is backed by his prestigious designation as a CCIM (Certified Commercial Investment Member), a testament to his deep-rooted knowledge and practical experience in commercial and investment real estate.
Throughout his illustrious career, Michael has played a pivotal role in shaping the landscape of the real estate industry. His dedication and leadership have been instrumental in his decade-long service on the Board of Directors for the Connecticut Chapter of CCIM, including two remarkable years as President (2016 & 2017). Under his stewardship, the chapter witnessed exponential growth, nearly doubling its membership and tripling its net operating income. His exceptional leadership skills were further recognized through his role as Regional Vice President of Region 11, overseeing pivotal chapters across the Northeastern United States.
Michael's commitment to excellence is also evident in his attainment of the SIOR designation from The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, marking him as a leading authority in commercial real estate brokerage. His tenure as President of the CT/W. MA SIOR Chapter and his continued role as Immediate Past President highlight his significant contributions and steadfast dedication to the industry.
His outstanding achievements have not gone unnoticed, earning him a spot in the top 40 Under 40 by the Hartford Business Journal, and highlighting his remarkable impact in the field. Furthermore, Michael's academic credentials are equally impressive, with a graduate degree from Harvard Law School's Program on Negotiation, equipping him with unrivaled negotiation skills that benefit his clients immensely.
As a staunch advocate for his clients, Michael offers expert guidance through every step of the real estate transaction process. His commitment to his clients is unparalleled, offering both commission-based and consulting services tailored to meet their unique needs. The opportunity to begin with an initial consultation without obligation is a testament to his client-centered approach, ensuring a comprehensive understanding of their requirements from the outset.
Michael's distinguished career, marked by his leadership roles, prestigious designations, and unwavering dedication to his clients, sets him apart as a leading figure in the investment real estate industry.
Throughout his illustrious career, Michael has played a pivotal role in shaping the landscape of the real estate industry. His dedication and leadership have been instrumental in his decade-long service on the Board of Directors for the Connecticut Chapter of CCIM, including two remarkable years as President (2016 & 2017). Under his stewardship, the chapter witnessed exponential growth, nearly doubling its membership and tripling its net operating income. His exceptional leadership skills were further recognized through his role as Regional Vice President of Region 11, overseeing pivotal chapters across the Northeastern United States.
Michael's commitment to excellence is also evident in his attainment of the SIOR designation from The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, marking him as a leading authority in commercial real estate brokerage. His tenure as President of the CT/W. MA SIOR Chapter and his continued role as Immediate Past President highlight his significant contributions and steadfast dedication to the industry.
His outstanding achievements have not gone unnoticed, earning him a spot in the top 40 Under 40 by the Hartford Business Journal, and highlighting his remarkable impact in the field. Furthermore, Michael's academic credentials are equally impressive, with a graduate degree from Harvard Law School's Program on Negotiation, equipping him with unrivaled negotiation skills that benefit his clients immensely.
As a staunch advocate for his clients, Michael offers expert guidance through every step of the real estate transaction process. His commitment to his clients is unparalleled, offering both commission-based and consulting services tailored to meet their unique needs. The opportunity to begin with an initial consultation without obligation is a testament to his client-centered approach, ensuring a comprehensive understanding of their requirements from the outset.
Michael's distinguished career, marked by his leadership roles, prestigious designations, and unwavering dedication to his clients, sets him apart as a leading figure in the investment real estate industry.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 423761-RE-LC
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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South Campus | Value-Add Redevelopment
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South Campus | Value-Add Redevelopment
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