165 Front St
Chicopee, MA 01013
Silverbrick Mills · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Huge Returns: The project models out to a 43.1% IRR on a 4-year hold assuming a $45MM rehab for Phase 1 and $35MM rehab for Phase 2
- Additional Revenue: Cell towers, billboard, and ~600 parking spaces included.
- Entitlements In-Place*: Development project has been previously approved & entitled for 600 residential units and 90,000 SF of storage.
- Strongest Location in Chicopee: Surrounded by I-395 with excellent visibility from I-395, the exit roadway off of I-395, Springfield St and Front St
PROPERTY FACTS
Property Type
Office
Building Size
690,900 SF
Building Class
B
Year Built
1940
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
138,000 SF
Building FAR
1.13
Lot Size
14.00 AC
Parking
600 Spaces (0.87 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Fenced Lot
- Signage
- Skylights
PROPERTY TAXES
| Parcel Number | CHIC-000095-000000-000003 | Improvements Assessment | $865,800 |
| Land Assessment | $84,600 | Total Assessment | $950,400 |
