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Office Center 425 Union St 41,177 SF 100% Leased Office Building West Springfield, MA 01089 $2,350,000 ($57.07/SF) 9.22% Cap Rate

INVESTMENT HIGHLIGHTS

  • Close Proximity to Major Highways
  • Excellent Occupancy

EXECUTIVE SUMMARY

Excellent Opportunity to acquire a multi-tenant office building in the heart of West Springfield. Conveniently located in close proximity to major highways I-90, I-91, I-291, I-391. NDA required for financials.

ATTACHMENTS

Final OM

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
41,177 SF
Building Class
B
Year Built/Renovated
1910/2004
Price
$2,350,000
Price Per SF
$57.07
Cap Rate
9.22%
NOI
$216,702
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,250 SF
Building FAR
1.15
Lot Size
0.82 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
RC
Parking
60 Spaces (3.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Property Manager on Site
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Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
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Walk Score® measures the walkability
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measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number WSPR-000189-012000-000024 Improvements Assessment $2,361,200
Land Assessment $108,500 Total Assessment $2,469,700

PROPERTY TAXES

Parcel Number
WSPR-000189-012000-000024
Land Assessment
$108,500
Improvements Assessment
$2,361,200
Total Assessment
$2,469,700
(413) 539-3025

CONTACTS

  • Moe Burhan
    Moe Burhan
  • Daniel Hannoush
    Daniel Hannoush

  • Listing ID: 31084266

  • Date on Market: 2/29/2024

  • Last Updated:

  • Address: 425 Union St, West Springfield, MA 01089

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Moe Burhan
(413) 539-3025

Daniel Hannoush
(413) 313-5067

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