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Pinewood Manor Shopping Center 57 River Rd 50,560 SF 60% Leased Retail Building Essex Junction, VT 05452 $3,250,000 ($64.28/SF) 9.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy access to downtown Essex and VT 289
- Building in great condition, well managed
- Great visibility
EXECUTIVE SUMMARY
Excellent Investment Opportunity!
•Over 50,000 SF of commercial building sitting on 9.6 acres
•Current NOI $316,113 (9.7% CAP)
•Located right on VT Route 117, this property provides easy access to VT-289 and is only 5 minutes from Downtown Essex
•Great visibility from a main commercial corridor
•Building has been well maintained and offers professional and clean common areas
•Ground level access available for both floors as property is constructed on hillside
•Property’s outbuildings feature 17 garage bays
•Several recent property improvements
•Building offers sweeping mountain views!
•Contact agents for full Rent Roll and P&L
•Over 50,000 SF of commercial building sitting on 9.6 acres
•Current NOI $316,113 (9.7% CAP)
•Located right on VT Route 117, this property provides easy access to VT-289 and is only 5 minutes from Downtown Essex
•Great visibility from a main commercial corridor
•Building has been well maintained and offers professional and clean common areas
•Ground level access available for both floors as property is constructed on hillside
•Property’s outbuildings feature 17 garage bays
•Several recent property improvements
•Building offers sweeping mountain views!
•Contact agents for full Rent Roll and P&L
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
50,560 SF
Building Class
C
Year Built
1978
Price
$3,250,000
Price Per SF
$64.28
Cap Rate
9.73%
NOI
$316,113
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.12
Lot Size
9.96 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Abba Fuels Inc
- Wholesaler
- -
- -
- -
- Abbott & Dartt Appraisal Service Llc
- Real Estate
- -
- -
- -
- Commercial Interiors Dm Boire
- Professional, Scientific, and Technical Services
- -
- -
- -
- Grenier's Pest Control
- Services
- -
- -
- -
- Mansfield Mortgage Professionals
- Finance and Insurance
- -
- -
- -
- Northwestern Vt Model Railroad
- Services
- -
- -
- -
- Pinewood Beauty Salon
- Services
- -
- -
- -
- Techtron Environmental
- Construction
- -
- -
- -
- Techtron Environmental Inc
- Waste Management and Remediation Services
- -
- -
- -
- Vermont French Canadian Genealogical Society
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Abba Fuels Inc | Wholesaler | - | - | - | ||
| Abbott & Dartt Appraisal Service Llc | Real Estate | - | - | - | ||
| Commercial Interiors Dm Boire | Professional, Scientific, and Technical Services | - | - | - | ||
| Grenier's Pest Control | Services | - | - | - | ||
| Mansfield Mortgage Professionals | Finance and Insurance | - | - | - | ||
| Northwestern Vt Model Railroad | Services | - | - | - | ||
| Pinewood Beauty Salon | Services | - | - | - | ||
| Techtron Environmental | Construction | - | - | - | ||
| Techtron Environmental Inc | Waste Management and Remediation Services | - | - | - | ||
| Vermont French Canadian Genealogical Society | Services | - | - | - |
PROPERTY TAXES
| Parcel Number | (067) 2024007-000 | Improvements Assessment | $2,086,400 |
| Land Assessment | $354,900 | Total Assessment | $2,441,300 |
PROPERTY TAXES
Parcel Number
(067) 2024007-000
Land Assessment
$354,900
Improvements Assessment
$2,086,400
Total Assessment
$2,441,300
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Pinewood Manor Shopping Center | 57 River Rd
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