Property summary
This Class A, 38,000 square foot office building, located at 98 Lower Westfield Rd, Holyoke, MA 01040, offers multiple suites ranging from 3,500 to 14,500 square feet. Built in 1985 and extensively renovated in 2021, the property boasts a modern façade, upgraded HVAC systems with ionization air filtration, and a modernized Otis elevator. The three-story building features 14 suites, with a 14-foot ceiling height, and ample free parking (240 spaces). Located on a 2.5-acre lot, this property enjoys a highly visible location on the access road to the Holyoke Mall and across from the Holyoke Crossing power center, providing excellent exposure and convenient access to I-91 and I-90. The property benefits from professional landscaping and snow removal, responsive on-site management, and a diverse tenant mix including Venture X Holyoke, H&R Block, Great Clips, and others. The available space is ideal for a variety of office users, including law firms, accounting firms, medical practices, and more. The $3 million in capital improvements includes keyless entry systems for both building and individual office access, ensuring 24/7 secure access. Property taxes are $3.30 per square foot. Zoning is BH, Hampden County. The minimum divisible space is 3,500 square feet, with a maximum contiguous space of 3,500 square feet. Currently, 3,500 square feet of space is vacant. Utilities are provided by Holyoke Gas & Electric.
Property profile
VerifiedCap rate & NOI
Current use
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Tax Preparation
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Electronics & Wireless Store
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Alternative Medicine Practice Spa & Massage Center
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Dental Office
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Insurance Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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