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114 Pleasant St

9,730 SF 60% Leased Industrial Building Southbridge, MA 01550 $1,500,000 ($154/SF)

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Investment Highlights

Fully furnished and equiped for R&D Incubators
Opportunity Zone

Clean rooms on site

Executive Summary

UPDATE 12/4/24 - Brand new HVAC system with high efficiency heat pumps! Free standing building Zoned OR for Office/Research on 1.17 Acre of Land in Downtown Southbridge! Refurbished 1994/2013 Schoolhouse - Industrial with a mix of Office, Lab, Flex space featuring 9730+/- sq ft of gross leasable area including Offices, Labs, Conference Room, Lounge, Kitchen, Machine Shop, and Shower Room. 2 Energy Upgrages since last refurbishment. 32 onsite parking spaces. Easily access major routes including 90, 395, 20, 31, and 131. Corner lot at busy 4 way intersection with 4-way Stop and high traffic count/visibility. This property is in an Opportunity Zone. Sold fully furnished/equipped with current occupancy primarily biotech/labs. There are no long term leases in place. Recoated roof with silicone with 25 year transferable warranty, Sprinkler System, Security System, and Keyless Entry. Infrared rejecting film on windows. LED updated lighting. New kitchen appliances.

114 Pleasant flyer

Property Facts

Price	$1,500,000	Rentable Building Area	9,730 SF
Price Per SF	$154	No. Stories	2
Sale Type	Investment or Owner User	Year Built/Renovated	1928/2013
Property Type	Industrial	Parking Ratio	3.29/1,000 SF
Property Subtype	Manufacturing Flex Light Manufacturing Flex Research & Development Office Medical	Clear Ceiling Height	10 FT
Building Class	A	No. Dock-High Doors/Loading	1
Lot Size	1.17 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,500,000
Price Per SF	$154
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing Flex Light Manufacturing Flex Research & Development Office Medical
Building Class	A
Lot Size	1.17 AC
Rentable Building Area	9,730 SF
No. Stories	2
Year Built/Renovated	1928/2013
Parking Ratio	3.29/1,000 SF
Clear Ceiling Height	10 FT
No. Dock-High Doors/Loading	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.