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424 State Rd 8,300 SF 100% Leased Retail Building South Deerfield, MA 01373 $1,400,000 ($168.67/SF)
Investment Highlights
- Excellent Visibility
- Cannabis Retailer
- Condo
- Long Term Lease
- Ample Parking
- Recently Renovated
Executive Summary
Region Commercial is pleased to present on an exclusive basis, this approximately 8,300 square foot retail property, located on the busy 5 & 10 in Whately, MA. The building is a condo with 420 State Road, and sits at the corner of a busy intersection, just off of Exit 35 on I-91.
Recent improvement projects include fully renovated store area with new mechanicals, electrical and plumbing.
The property is fully leased to cannabis retailer, Cheech & Chong's Dispensoria on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking, and access off both 116 and Route 10. If you would like additional information about this property, or to schedule a tour, please reach out to discuss further.
Recent improvement projects include fully renovated store area with new mechanicals, electrical and plumbing.
The property is fully leased to cannabis retailer, Cheech & Chong's Dispensoria on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking, and access off both 116 and Route 10. If you would like additional information about this property, or to schedule a tour, please reach out to discuss further.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,300 SF
Building Class
C
Year Built
1988
Price
$1,400,000
Price Per SF
$168.67
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.38 AC
Zoning
C - Commercial
Parking
45 Spaces (5.42 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | WHAT-000032-000000-000024-000003 | Improvements Assessment | $750,900 |
| Land Assessment | $202,200 | Total Assessment | $953,100 |
Property Taxes
Parcel Number
WHAT-000032-000000-000024-000003
Land Assessment
$202,200
Improvements Assessment
$750,900
Total Assessment
$953,100
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424 State Rd
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