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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 | Rentable Building Area | 63,662 SF |
| Price Per SF | $17.28 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1976 |
| Cap Rate | 7.70% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 4 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 3.88 AC | ||
| Zoning | Industrial A | ||
| 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 |
Property Taxes
Parcel Number
SPRI-009945-000000-000054
Land Assessment
$323,300
Improvements Assessment
$1,864,300
Total Assessment
$2,187,600
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175 Progress Ave
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