701 Kelly Way Holyoke, MA 01040

This exceptional investment opportunity presents a single-tenant, net-leased Class A executive office building totaling 13,069 square feet, situated on a 2.755-acre lot in Holyoke, Massachusetts' Crossroads Industrial Park. The property, built in 2009, boasts a 100% occupancy rate with Rexel USA, a globally recognized electrical distributor, under a corporate guaranteed lease with a rent increase scheduled for November 2024. The lease structure is a triple-net (NNN) lease, minimizing landlord responsibilities. The building features approximately 9,069 square feet of well-appointed office space, including private offices, cubicles, a large training room, multiple conference rooms, and a break room. An additional 4,000 square feet of high-bay clean warehouse space is accessible via both a loading dock and drive-in door, providing significant flexibility. The strategic location at the intersection of Interstate 91 and the Massachusetts Turnpike offers unparalleled access to New England's major highway system. The asking price is $3,100,000, representing a compelling 6.06% capitalization rate and a price per square foot of $237.20. The property is zoned for industrial park use and consists of a single, one-story building. The substantial net operating income (NOI) stands at $187,998. This presents a strong, stable investment with significant upside potential.