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425 Union St
West Springfield, MA 01089
Office Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Close Proximity to Major Highways
- Excellent Occupancy
EXECUTIVE SUMMARY
Excellent Opportunity to acquire a multi-tenant office building in the heart of West Springfield. Conveniently located in close proximity to major highways I-90, I-91, I-291, I-391. NDA required for financials.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
41,177 SF
Building Class
B
Year Built/Renovated
1910/2004
Price
$2,350,000
Price Per SF
$57.07
Cap Rate
9.22%
NOI
$216,702
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,250 SF
Building FAR
1.15
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
RC
Parking
60 Spaces (3.5 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | WSPR-000189-012000-000024 | Improvements Assessment | $2,361,200 |
| Land Assessment | $108,500 | Total Assessment | $2,469,700 |
PROPERTY TAXES
Parcel Number
WSPR-000189-012000-000024
Land Assessment
$108,500
Improvements Assessment
$2,361,200
Total Assessment
$2,469,700
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