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178 New Bridge Street 178 New Bridge St 14,380 SF 90% Leased Industrial Building West Springfield, MA 01089 $975,000 ($67.80/SF) 7.18% Cap Rate
Executive Summary
~9,400 SF industrial space
~1,250 SF office space
Projected Cap: 7.2%
0.4-acre lot
16-foot clear height - Industrial
9-foot clear height office
~1,250 SF office space
Projected Cap: 7.2%
0.4-acre lot
16-foot clear height - Industrial
9-foot clear height office
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$106,500
|
$7.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,500
|
$7.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,500
|
$2.54
|
| Net Operating Income |
$70,000
|
$4.87
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $106,500 |
| Annual Per SF | $7.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $106,500 |
| Annual Per SF | $7.41 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $36,500 |
| Annual Per SF | $2.54 |
| Net Operating Income | |
|---|---|
| Annual | $70,000 |
| Annual Per SF | $4.87 |
Property Facts
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Newly renovated office space available for lease. Comes with two bathrooms and kitchenette. Open area office with some private offices.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,500 SF | Office | Shell Space | Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Floor
| Size | 1,500 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Newly renovated office space available for lease. Comes with two bathrooms and kitchenette. Open area office with some private offices.
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | WSPR-000389-005750-000015A | Improvements Assessment | $728,700 |
| Land Assessment | $84,700 | Total Assessment | $813,400 |
Property Taxes
Parcel Number
WSPR-000389-005750-000015A
Land Assessment
$84,700
Improvements Assessment
$728,700
Total Assessment
$813,400
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178 New Bridge Street | 178 New Bridge St
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