590-628 Center St
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590-628 Center St
55,086 SF 100% Leased Industrial Building Chicopee, MA 01013 $2,250,000 ($41/SF) 8.04% Cap Rate
Investment Highlights
- BILLBOARD VISIBLE FROM INTERSTATE 91 SOUTHBOUND IN CHICOPEE
- LEASE TERM LEFT FOR MOST TENANTS
- 6 PARCELS TOTALLING 1.16 ACRES OF LAND
- MULTI TENANTED PROPERTY
- ADDITIONAL PARKING LOT ACROSS THE STREET
Executive Summary
Jennings Real Estate Services, Inc.- Invest in a strategic Chicopee property, 1.16 acres, with a 55,086 square foot building (37,000 square feet rentable). Diverse tenants include HCRC, GroHydro, Kin's Auto Glass, and Springfield Crankshaft. Long-term leases provide stable income. Bonus 0.5524-acre parking lot owned by sellers offers free off-street parking. Lamar leases the billboard, enhancing exposure. Ideal for investors seeking a diverse tenant mix and stable returns.
Property Facts
| Price | $2,250,000 | Rentable Building Area | 55,086 SF |
| Price Per SF | $41 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1945 |
| Cap Rate | 8.04% | Parking Ratio | 0.4/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 1.71 AC |
| Price | $2,250,000 |
| Price Per SF | $41 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.71 AC |
| Rentable Building Area | 55,086 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 0.4/1,000 SF |
| Clear Ceiling Height | 12 FT |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Signage
- Fluorescent Lighting
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | CHIC-000013-000000-000005 | Improvements Assessment | $639,400 |
| Land Assessment | $75,100 | Total Assessment | $714,500 |
PROPERTY TAXES
Parcel Number
CHIC-000013-000000-000005
Land Assessment
$75,100
Improvements Assessment
$639,400
Total Assessment
$714,500
zoning
| Zoning Code | Industrial (industrial zone) |
| Industrial (industrial zone) |
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Jonathan Little -
Kevin Jennings -
Jennings Real Estate Services, Inc.
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590-628 Center St
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