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

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

PROPERTY TAXES

  • Listing ID: 36171299

  • Date on Market: 6/9/2025

  • Last Updated:

  • Address: 175 Progress Ave, Springfield, MA 01104