Industrial Building in Westfield, MA

Industrial for Sale
Catylist Listing ID: 30587184
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 68,326 SF
Gross Building Area: 69,726 SF
Gross Land Area: 4 Acres
Sale Price: $3,627,000
Unit Price: $53.08 PSF
Ceiling: 16 ft. / 14 ft. Clear
Property Use Type: Investment
Usable Size (USF): 69,726 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.0%
Average Occupancy Rate: 96
Last Updated: 3/26/2020

Overview / Comments

This property is situated just outside of the town center, adjacent to the Towns municipal property for public works and equipment.

The property is currently 96 % leased with a good mix of 13 tenants.

The property is priced at an 7.75% Cap rate and an asking price of $3,627,000

There are consistent renewals from our existing tenants with little turnover and good annual growth in rents.

Attachments & Media

Additional Details

Nearest MSA: Springfield
County: Hampden
Taxing Authority: City of Westfield
Tax ID/APN: 19_16
Zoning: INDUSTRIAL A
Property Located Between: close proximity to the Big Y shopping plaza
Tenancy: Multiple Tenants
Number of Stories: 1
Property Condition: Average
Year Built: 1948
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Eave Height: 16
Sprinklers: Wet, Dry
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Lighting: LED, Fluorescent
Internet Access: Cable
Zoning Description: Partial flood zone; elevation certificate available;
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,266 39,693 68,554
Median Age: 39.93 38.9 41.49
Households: 5,571 14,697 26,099

Contact

Photograph of Listing Agent

Daniel A Rosow

Real Estate Advisory Group LLC
CTCList Member
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