For Sale
$425,000

1795 Main StSpringfield, MA 01103

High-Cap Rate Office Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents two executive office suites, units 202 and 210, totaling 1,968 net rentable square feet, located at 1795 Main Street in Springfield, Massachusetts, 01103. The property is a Class B office building with a current asking price of $425,000, boasting a strong 7.00% capitalization rate and a substantial net operating income (NOI) of $29,520. The property features a national dental tenant currently under a 5-year lease (with two 5-year options) commencing May 5th, 2024, and expiring April 30th, 2029. The total building square footage is 21,000 square feet, and the lease is a triple net (NNN) agreement. This presents a stable and attractive investment opportunity with a long-term tenant in place, offering significant potential for future returns. The property's prime location in Hampden County, Massachusetts, ensures easy access to major transportation routes and a thriving local business community. This is a rare chance to acquire a well-positioned, income-producing asset with a proven track record. The financial details are compelling, making this an ideal addition to any diversified investment portfolio. Serious inquiries are encouraged.

Highlights

  • Investment Opportunity: $425,000 Asking Price
  • 7% Cap Rate
  • National Dental Tenant in Place
  • Five-Year Lease with 60 Months Remaining
  • Lease Renewal Option: April 30, 2029

Property Details for 1795 Main St

Property type
Office properties
Square Feet
21,000 SF
Class
B

Location Insight

City
Springfield
County
Hampden
State
Massachusetts
Latitude
42.1057095
Longitude
-72.5958509
1795 Main St, Springfield, Massachusetts

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1795 Main St
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