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Single Tenant Net Leased Facility

701 Kelly Way, Holyoke, MA

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For Sale

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Single tenant facility with 6+ years remaining on lease.

Type:INDUSTRIAL

Property size:

13,069 SF

Lot size:

2.76 Acres

Price / SF:

$229/SF

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.
9,069 square feet of well‑appointed office space including private offices, cubicles, training room, conference rooms, and break room.
4,000 square feet of high bay clean warehouse space.
Warehouse access via loading dock and drive‑in door.

We can help!

Listing Contact

Kevin Jennings

For Sale

Contact for pricing

Single tenant facility with 6+ years remaining on lease.

Type:INDUSTRIAL

Property size:

13,069 SF

Lot size:

2.76 Acres

Price / SF:

$229/SF

Added:: Feb 15, 2024
Days on Market:: 853
Last Refresh:: May 19 at 9:15 pm

Property Features for 701 Kelly Way

General Information

Standard status: Active
Size: 13,069 SF
Lot size: 2.76 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Kevin Jennings

Listing agent Kevin Jennings License #9039162

Listing office Jennings Real Estate Services

Listing date Feb 15, 2024

Source Moodyscre

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

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.
9,069 square feet of well‑appointed office space including private offices, cubicles, training room, conference rooms, and break room.
4,000 square feet of high bay clean warehouse space.
Warehouse access via loading dock and drive‑in door.

Overview

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.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $167,892 @ 7.0% cap · market cap 5.60%

Second Best

Warehouse

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,755 @ 7.0% cap · market cap 2.83%

Theoretical Best

Office A

$8.05M

$7.05M – $9.40M (±1% cap)

NOI $563,828 @ 7.0% cap · market cap 18.79%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Rexel Building Supply

Suggested Use

Location Insight

Map
Local Demand

City: Holyoke
County: Hampden
State: Massachusetts
Longitude: -72.6566
Latitude: 42.1654

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For sale
Warehouses
MA
Holyoke
701 Kelly Way

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.

701 Kelly Way, Holyoke, MA

Single tenant facility with 6+ years remaining on lease.

Property Features for 701 Kelly Way

General Information

We can help!

HighLights

Overview

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Use Industrial Warehouse

IP Zoned Industrial Warehouse

Holyoke Industrial Property with Cannabis License

Freestanding Industrial Warehouse Facility

Retail Property Near Interstate 91

Holyoke Multifamily Property For Sale

Downtown Holyoke Mixed-Use Redevelopment Opportunity

Industrial Multi-Building Compound

Holyoke Industrial Property with Cannabis License

Two-Building Campus Near Interstate 91

Renovated Office Building Investment Opportunity

Two-Family Home with Carriage House

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