175 Progress Ave 63,662 SF Industrial Building Springfield, MA 01104 $1,100,000 ($17.28/SF) 7.70% Cap Rate



EXECUTIVE SUMMARY
Long term triple net lease in place. Tenant bears 100% responsibility for all operating expenses including maintenance and major capital expenditures
$84,700 - NOI
$17.28 PPSF
$84,700 - NOI
$17.28 PPSF
PROPERTY FACTS
Price | $1,100,000 |
Price Per SF | $17.28 |
Sale Type | Investment NNN |
Cap Rate | 7.70% |
Property Type | Industrial |
Property Subtype | Manufacturing |
Building Class | C |
Lot Size | 3.88 AC |
Rentable Building Area | 63,662 SF |
No. Stories | 1 |
Year Built | 1976 |
Tenancy | Single |
Clear Ceiling Height | 16’ |
No. Dock-High Doors/Loading | 4 |
No. Drive In / Grade-Level Doors | 1 |
Zoning | Industrial A |
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PROPERTY TAXES
Parcel Number | SPRI-009945-000000-000054 | Improvements Assessment | $1,864,300 |
Land Assessment | $323,300 | Total Assessment | $2,187,600 |