15 Research Dr
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15 Research Dr
15,800 SF 100% Leased Office Building Amherst, MA 01002 $2,250,000 ($142/SF) 8.70% Cap Rate
Investment Highlights
- LEED Platinum Certified
- On the bus line, close to downtown and UMASS
Executive Summary
This 15,800 sf building was one of the first to become LEED Platinum Certified in New England, built with attention to every detail, it has been maintained beautifully. It is currently 100% occupied with solid financials and long term leases. It includes attractive office spaces and a residential unit. Just a short drive to downtown Amherst and UMASS it is located on the bus line in a professional research park. Call agent for a complete informational package. This property would be a good one for 1031 Exchange.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,800 SF
Building Class
B
Year Built
2010
Price
$2,250,000
Price Per SF
$142
Cap Rate
8.70%
NOI
$195,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,900 SF
Building FAR
0.21
Lot Size
1.75 AC
Zoning
PRP
Parking
45 Spaces (2.85 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | AMHE-000021B-000000-000081 | Improvements Assessment | $1,670,500 |
Land Assessment | $211,600 | Total Assessment | $1,882,100 |
PROPERTY TAXES
Parcel Number
AMHE-000021B-000000-000081
Land Assessment
$211,600
Improvements Assessment
$1,670,500
Total Assessment
$1,882,100
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15 Research Dr
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