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178 New Bridge Street 178 New Bridge St 14,380 SF 90% Leased Industrial Building West Springfield, MA 01089 $975,000 ($67.80/SF) 7.18% Cap Rate




EXECUTIVE SUMMARY
~9,400 SF industrial space
~1,250 SF office space
Projected Cap: 7.2%
0.4-acre lot
16-foot clear height - Industrial
9-foot clear height office
~1,250 SF office space
Projected Cap: 7.2%
0.4-acre lot
16-foot clear height - Industrial
9-foot clear height office
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$106,500
![]() |
$7.41
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$106,500
![]() |
$7.41
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$36,500
![]() |
$2.54
![]() |
Net Operating Income |
$70,000
![]() |
$4.87
![]() |
FINANCIAL SUMMARY (PRO FORMA - 2025)
Gross Rental Income | |
---|---|
Annual | $106,500 |
Annual Per SF | $7.41 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $106,500 |
Annual Per SF | $7.41 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $36,500 |
Annual Per SF | $2.54 |
Net Operating Income | |
---|---|
Annual | $70,000 |
Annual Per SF | $4.87 |
PROPERTY FACTS
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Newly renovated office space available for lease. Comes with two bathrooms and kitchenette. Open area office with some private offices.
Space | Size | Space Use | Condition | Available |
1st Floor | 1,500 SF | Office | Shell Space | Now |
1st Floor
Size |
1,500 SF |
Space Use |
Office |
Condition |
Shell Space |
Available |
Now |
1st Floor
Size | 1,500 SF |
Space Use | Office |
Condition | Shell Space |
Available | Now |
Newly renovated office space available for lease. Comes with two bathrooms and kitchenette. Open area office with some private offices.
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | WSPR-000389-005750-000015A | Improvements Assessment | $728,700 |
Land Assessment | $84,700 | Total Assessment | $813,400 |
PROPERTY TAXES
Parcel Number
WSPR-000389-005750-000015A
Land Assessment
$84,700
Improvements Assessment
$728,700
Total Assessment
$813,400
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178 New Bridge Street | 178 New Bridge St
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