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590-628 Center St 55,086 SF 100% Leased Industrial Building Chicopee, MA 01013 $2,250,000 ($40.85/SF) 7.87% Cap Rate
Investment Highlights
- BILLBOARD VISIBLE FROM INTERSTATE 91 SOUTHBOUND IN CHICOPEE
- LEASE TERM LEFT FOR MOST TENANTS
- 6 PARCELS TOTALLING 1.16 ACRES OF LAND
- MULTI TENANTED PROPERTY
- ADDITIONAL PARKING LOT ACROSS THE STREET
Executive Summary
Jennings Real Estate Services, Inc.- Invest in a strategic Chicopee property, 1.16 acres, with a 55,086 square foot building (37,000 square feet rentable). Diverse tenants include HCRC, GroHydro, Kin's Auto Glass, and Springfield Crankshaft. Long-term leases provide stable income. Bonus 0.5524-acre parking lot owned by sellers offers free off-street parking. Lamar leases the billboard, enhancing exposure. Ideal for investors seeking a diverse tenant mix and stable returns.
Property Facts
| Price | $2,250,000 | Rentable Building Area | 55,086 SF |
| Price Per SF | $40.85 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1945 |
| Cap Rate | 7.87% | Parking Ratio | 0.4/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 1.71 AC | ||
| Zoning | Industrial - industrial zone | ||
| Price | $2,250,000 |
| Price Per SF | $40.85 |
| Sale Type | Investment |
| Cap Rate | 7.87% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.71 AC |
| Rentable Building Area | 55,086 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 0.4/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | Industrial - industrial zone |
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Signage
- Fluorescent Lighting
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | CHIC-000013-000000-000005 | Improvements Assessment | $657,500 |
| Land Assessment | $76,500 | Total Assessment | $734,000 |
Property Taxes
Parcel Number
CHIC-000013-000000-000005
Land Assessment
$76,500
Improvements Assessment
$657,500
Total Assessment
$734,000
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590-628 Center St
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