Deerfield Office Building For
16 Yankee Candle Wy Deerfield, MA
For Sale
Contact for pricing
75,580 SF office building in Deerfield, MA for lease.
Property Size20,000 SF
Lot Size10.27 Acres
Price / SF$450
Days on Market638
Property Features for 16 Yankee Candle Wy
General Information
Standard status
Active
Size
20,000 SF
Lot size
10.27 Acres
Property subtype
OFFICE
Listing Agency:
Region Commercial
(413) 537-2020
Listed By:
Mitch Bolotin · License #MA 9582125
(413) 537-2020
Source:
Moodyscre
Added: Oct 31, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Region Commercial
Investment Insights
Based on property information with market context.
This roughly 75,580 square foot office building is available for lease. Constructed in 2001, the three-story building is situated on a 10.21-acre parcel located just off I-91 and Route 5 & 10. The building features East and West wings, centered on a main elevator lobby and central staircase. Ample parking is available on-site. The building was originally constructed as the headquarters for Yankee Candle. Yankee Candle currently occupies a portion of the lease space. Nearby are major industrial and retail companies such as Tree House Brewing, Pelican Products, and Nepro, as well as the Yankee Candle Flagship store.
Key Highlights
- Located just off I‑91 and Route 5 & 10, providing excellent accessibility.
- Substantial office building with approximately 75,580 square feet.
- Ample on‑site parking for employees.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $480.0k | $24.00 |
| − Vacancy | −$108.0k | −$5.40 |
| EGI | $372.0k | $18.60 |
| − OpEx | −$93.0k | −$4.65 |
| NOI | $279.0k | $13.95 |
20,000 SF · lease $24.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.99M
$3.49M – $4.65M
NOI $279,000 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$8.29M
$7.26M – $9.68M
NOI $580,539 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 75,580 SF office building in Deerfield, MA for lease.
Where is this office building located?
The property is located at 16 Yankee Candle Wy Deerfield, MA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Located just off I‑91 and Route 5 & 10, providing excellent accessibility.; Substantial office building with approximately 75,580 square feet.; Ample on‑site parking for employees.
