IP Zoned Industrial
373 Whitney Ave Holyoke, MA 01040
For Sale
Contact for pricing
Modern warehouse with 14 to 16 clear height, 35-by-35 column spacing, wet sprinklers, and a 500 LB bridge crane.
Property Size45,011 SF
Lot Size6.75 Acres
Price / SF$149.96
Days on Market53
Property Features for 373 Whitney Ave
General Information
- Standard status
- Active
- Size
- 45,011 SF
- Lot size
- 6.75 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 373 Whitney Ave Contact us
Listing Agency:
CBRE | Hartford
(860) 559-1562
Listed By:
John Reed, SIOR · License #9551299
(860) 559-1562
Source:
Moodyscre
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 21 at 8:49AM
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.
This IP-zoned industrial property totals 45,011 square feet, built in 2000, with 40,000 square feet dedicated to industrial use and 15,000 square feet of office space. The facility offers 14’9” to 16’9” clear height and a 35’ x 35’ column spacing grid to support flexible layout planning. The warehouse is served by wet sprinkler protection and 6” epoxy floors, with T-8 fluorescent parabolic lighting throughout. Loading includes one 9’ x 10’ dock door with a leveler plus drive-in doors (two 10’ x 10’) and an additional drive-in opening (12’ x 14’). There is also a 500 LB bridge crane available on a negotiable basis.
Access is supported by 110 parking spaces and straightforward circulation for trucks and personnel. The site includes 6.75 acres and is described as having potential for expansion up to an additional 28,000 square feet. Utilities are tied to City of Holyoke water and sewer services, with power provided as 2,000 amps at 480 volts, 3-phase. The roof is listed as Carlisle membrane.
From an operator’s standpoint, this building combines warehouse functionality with on-site office area, and its wet sprinkler system, gas-fired heat units, and full air-conditioning support a wide range of industrial and light commercial needs. With its loading configuration, substantial floor slab thickness, and crane option, the property is well suited for tenants seeking an established, well-equipped industrial base with room to grow.
Access is supported by 110 parking spaces and straightforward circulation for trucks and personnel. The site includes 6.75 acres and is described as having potential for expansion up to an additional 28,000 square feet. Utilities are tied to City of Holyoke water and sewer services, with power provided as 2,000 amps at 480 volts, 3-phase. The roof is listed as Carlisle membrane.
From an operator’s standpoint, this building combines warehouse functionality with on-site office area, and its wet sprinkler system, gas-fired heat units, and full air-conditioning support a wide range of industrial and light commercial needs. With its loading configuration, substantial floor slab thickness, and crane option, the property is well suited for tenants seeking an established, well-equipped industrial base with room to grow.
Key Highlights
- 45,011 SF industrial facility on 6.75 acres, built in 2000 with potential expansion up to 28,000 SF.
- 14'–16' clear height with 35' x 35' column spacing and 6" epoxy floors for efficient warehouse use.
- Loading includes 1 dock (9' x 10' with leveler) plus drive‑in doors: 2 (10' x 10') and 1 drive‑in (12' x 14').
Financial Insights For Warehouse
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 | $367.3k | $8.16 |
| − Vacancy | −$23.9k | −$0.53 |
| EGI | $343.4k | $7.63 |
| − OpEx | −$51.5k | −$1.14 |
| NOI | $291.9k | $6.49 |
45,011 SF · lease $8.16/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$20.40M
$17.85M – $23.80M
NOI $1,428,217 @ 7.0% cap · market cap 21.16%
Second Best
Warehouse
$4.17M
$3.65M – $4.87M
NOI $291,904 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$27.74M
$24.27M – $32.36M
NOI $1,941,883 @ 7.0% cap · market cap 28.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Paragon Medical
Production Facility
Similar Off Market Nearby
- Konami B Inc — 50 Holyoke St, Holyoke, MA 01040
FAQs
What type of property is this?
Warehouse - Modern warehouse with 14 to 16 clear height, 35-by-35 column spacing, wet sprinklers, and a 500 LB bridge crane.
Where is this warehouse located?
The property is located at 373 Whitney Ave Holyoke, MA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 45,011 SF industrial facility on 6.75 acres, built in 2000 with potential expansion up to 28,000 SF.; 14'–16' clear height with 35' x 35' column spacing and 6" epoxy floors for efficient warehouse use.; Loading includes 1 dock (9' x 10' with leveler) plus drive‑in doors: 2 (10' x 10') and 1 drive‑in (12' x 14').
