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Office buildings
MA
Northampton
01060
32 Industrial Dr

Property profile

32 Industrial Dr E Northampton, MA 01060

FOR LEASE

Office buildings

Property ID

US38-1668068

21,000 SF 2.45 ac lot Built 1986

Entity Owned 22-yr Hold ~ Est. High Equity

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$17 SF/Yr

32 Industrial Dr E, Northampton, MA 01060
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The property is a 21,000 SF office building located in the Northampton Industrial Park on 2.45 acres, zoned General Industrial. It provides parking for more than 80 vehicles and is situated approximately one mile from Interstate 91 North and South. The building is wired for high-speed internet, with the main level configured to meet ADA accessibility requirements. Building systems and improvements include a ductless mini-split system for the server room, a high-efficiency furnace, replaced roofing in 2013, and upgrades including carpeting and insulation.

Property type Office buildings

Use group OFFICE BUILDING

Year built 1986

Construction FRAME

Total area 21,000 SF

Lot 2.45 ac (106,722 SF)

Zoning code GI

APN NHAM M:0019 B:0011 L:0001

UPID US38-1668068

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

32 Industrial Dr E Northampton, MA 01060

Northampton metro Census 821601 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

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Comparable Approach Comparable

$4.55M

Blend (final) Blend

$4.85M

since 2004

2 recorded transactions

2004

$925,000

2004

Price N/A

Zoning description

e - General FVG Character-Based District General Business GB Business "B" District Highway Business HB Business "B" District Neighborhood Business NB Business "B" District Medical M Medical "M" District General Industry…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi

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Value Estimation
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