Office/Industrial Facility in Downing
17 Downing Three Pittsfield, MA 01201
17 Downing Three, Pittsfield, MA, 01201
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For Sale
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44,640 SF office/industrial facility in Pittsfield's Downing Industrial Park.
Property Size44,640 SF
Price / SF$64.96
Days on Market714
Property Features for 17 Downing Three
General Information
- Standard status
- Active
- Size
- 44,640 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing agency
CBRE - Hartford
Listed by
Jack Reed · License #9551299
Source
Crexi
Added: Aug 8, 2024 Updated: Jul 10 at 3:41PM Checked: Jul 21 at 6:17AM
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 CBRE - Hartford
Investment Insights
Based on property information with market context.
The property at 17 Downing Three is a well-constructed office and industrial facility, consisting of three connected condominium units with a total area of 44,640 square feet. It is situated within Pittsfield’s Downing Industrial Park, which hosts numerous national tenants. The current tenant is Spectrum Plastics Group, an Atlanta-based company specializing in the design, development, and manufacture of specialty medical plastics products. This location operates as a precision injection molder and includes a 10,000 square foot tool room and a 4,500 square foot Class 8 clean room.
Key Highlights
- 44,640 SF office/industrial facility comprised of three connected condominium units.
- Located in Pittsfield’s Downing Industrial Park, home to many national tenants.
- Current tenant is Spectrum Plastics Group.
Local Financial Insights For Industrial
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 | $375.0k | $8.40 |
| − Vacancy | −$25.5k | −$0.57 |
| EGI | $349.5k | $7.83 |
| − OpEx | −$104.8k | −$2.35 |
| NOI | $244.6k | $5.48 |
44,640 SF · lease $8.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.49M
$3.06M – $4.08M
NOI $244,634 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.07M
$11.44M – $15.25M
NOI $914,941 @ 7.0% cap · market cap 31.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Spectrum Plastics Group, ...
Production Facility
Needlejig Tattoo Supply
Marketing & Advertising
Evolve Inks, Inc.
Tattoo & Piercing Shop
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FAQs
What type of property is this?
Manufacturing property - 44,640 SF office/industrial facility in Pittsfield's Downing Industrial Park.
Where is this manufacturing property located?
The property is located at 17 Downing Three Pittsfield, MA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 44,640 SF office/industrial facility comprised of three connected condominium units.; Located in Pittsfield’s Downing Industrial Park, home to many national tenants.; Current tenant is Spectrum Plastics Group.
