380 Elm Street #2 Gardner, MA 01440

Building Details

Year Built

1979

Listing agency Foster-Healey Real Estate w***@foster-healey.com Show Phone

Listed by Wendy Poudrette · License #454501685 Show Phone

Source Liongatere

Added: Apr 25 Updated: Jul 22 at 3:33AM Checked: Jul 22 at 3:33AM

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Investment Insights

Based on property information with market context.

Professional office condominium unit offered for sale with a NNN lease structure. The lease is in its third year of an initial five-year term and includes an option for an additional five-year renewal period. Annual lease escalations are in place.

The property is located at 380 Elm Street #2 in Gardner, MA (condominium unit #2). The offering remarks cite a current 8% capitalization rate.

Key Highlights

• Professional office condominium built in 1979
• NNN‑leased with annual escalation during the current lease term
• Currently in the 3rd year of a 5‑year lease with option to renew for an additional 5 years

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FAQs

What type of property is this?

Office units - NNN-leased office condominium currently in the third year of a five-year term with renewal options.

Where is this office units located?

The property is located at 380 Elm Street #2 Gardner, MA.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Professional office condominium built in 1979; NNN‑leased with annual escalation during the current lease term; Currently in the 3rd year of a 5‑year lease with option to renew for an additional 5 years