66 Broad St Westfield, MA 01085
Multi-tenant industrial; 7% cap rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Multi-tenant industrial building totaling approximately 70,000 square feet.
- Fully leased with 12 tenants, demonstrating consistent lease renewals and strong rental growth.
- Excellent location near major retailers and amenities, adjacent to municipal property.
- Stabilized investment offering a 7.00% cap rate.
- Recently renovated with significant improvements to the roof, sprinkler system, loading docks, and interior spaces.
Property Details for 66 Broad St
- Property type
- Warehouses, Industrial properties
- Square Feet
- 69,991 SF
- Class
- B
- Year Built
- 1948
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 174,240 SF
- Units
- 12
Location Insight
- City
- Westfield
- County
- Hampden
- State
- Massachusetts
- Latitude
- 42.110301
- Longitude
- -72.7460128
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - Multi-tenant industrial; 7% cap rate
- Where is the warehouse located?
- The property is located at 66 Broad St Westfield, MA.
- What is the asking price?
- The asking price for this property is $5,100,000.
- What are key features of this property?
- This property features: Multi-tenant industrial building totaling approximately 70,000 square feet.; Fully leased with 12 tenants, demonstrating consistent lease renewals and strong rental growth.; Excellent location near major retailers and amenities, adjacent to municipal property.
- How can I contact the broker?
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