Single Tenant Net Leased
For Sale
Contact for pricing
701 Kelly Way, Holyoke, MA
Single tenant facility with 6+ years remaining on lease.
Property Size13,069 SF
Lot Size2.76 Acres
Price / SF$229.55
Days on Market898
Property Features for 701 Kelly Way
General Information
Standard status
Active
Size
13,069 SF
Lot size
2.76 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Jennings Real Estate Services
(413) 731-7770
Listed By:
Kevin Jennings · License #9039162
Source:
Moodyscre
Added: Feb 15, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:19AM
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 Jennings Real Estate Services
Investment Insights
Based on property information with market context.
This property at 701 Kelly Way presents an opportunity to acquire a single-tenant, net-leased facility. The property is currently leased to Rexel USA, an electrical distributor, with over six years remaining on the lease term. Constructed in 2009, the building offers a total of 13,069 square feet of space on a 2.76-acre lot within the Crossroads Industrial Park. The building includes approximately 9,069 square feet of office space, featuring private offices, cubicle areas, a large training room, multiple conference rooms, and a break room. Additionally, there is 4,000 square feet of high-bay, clean warehouse space. Access to the warehouse is facilitated by both a loading dock and a drive-in door. The Crossroads Industrial Park is located at the intersection of Interstate 91 and the Massachusetts Turnpike.
Key Highlights
- Single tenant net leased facility with 6+ years remaining on the lease to Rexel USA.
- Located in the Crossroads Industrial Park at the intersection of I‑91 and the Massachusetts Turnpike, providing exceptional regional highway access.
- Building constructed in 2009, totaling 13,069 square feet on 2.76 acres.
Financial Insights For Flex RnD
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 | $282.3k | $21.60 |
| − Vacancy | −$24.0k | −$1.84 |
| EGI | $258.3k | $19.76 |
| − OpEx | −$90.4k | −$6.92 |
| NOI | $167.9k | $12.85 |
13,069 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.40M
$2.10M – $2.80M
NOI $167,892 @ 7.0% cap · market cap 5.60%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,755 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$8.05M
$7.05M – $9.40M
NOI $563,828 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Single tenant facility with 6+ years remaining on lease.
Where is this warehouse located?
The property is located at 701 Kelly Way Holyoke, MA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Single tenant net leased facility with 6+ years remaining on the lease to Rexel USA.; Located in the Crossroads Industrial Park at the intersection of I‑91 and the Massachusetts Turnpike, providing exceptional regional highway access.; Building constructed in 2009, totaling 13,069 square feet on 2.76 acres.
