120-B Whiting Farms Rd Holyoke, MA 01040
- Warehouses
- 47,000 SF
- 5.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 120-B Whiting Farms Rd
- Year built
- 1970
- Lot size
- 5.00 lot acres
- Property size
- 47,000 SF
- Property type
- Warehouses
- Property subtype
- Life science properties
Description
This exceptional Class A industrial property, located at 120-B Whiting Farms Rd, Holyoke, MA 01040, is offered for sale by owner. The 47,000 square foot building sits on a 5-acre lot and boasts 10,000 square feet of net rentable space, with a price per square foot of $106.38. The property features a 5.00% cap rate and a 5.6-year remaining lease term (10-year lease commencing June 16, 2020, and expiring June 17, 2030) with a credit-rated single tenant under a NNN lease. The building, constructed in 1970 and renovated in 1990, 1995, 2000, and 2005, offers a flexible layout with no supporting walls, allowing for customizable configurations. Amenities include 100 parking spaces, three loading docks with three dock-high doors, and ceiling heights ranging from 17 to 24 feet. The property is zoned for industrial use and benefits from its strategic location at the crossroads of major New England roadways (Routes 90 and 91). The sale includes 47,000 square feet of air rights, presenting opportunities for expansion. There are no rent bumps included in the lease. This is a sale/leaseback opportunity with a CAP ownership structure. Five-year lease options are available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holyoke
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6371
- Latitude
- 42.1835
