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: |
7.75% |
| Average Occupancy Rate: |
96 |
| Last Updated: |
10/23/2020 |
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.
|
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 |
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 |
|
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