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235 Chestnut Street, Springfield, MA

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DetailMap
235 Chestnut Street

Springfield, MA 01103-1100 - Hampden County Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1961
Stories:3 Typical Floor:8,266 SF Building Size:24,800 SF
% Leased:
For Sale Price:$1,489,000 Price/SF:$60.04
Cap Rate:-
Smallest Space:2,000 SF Largest Space:5,500 SF Total Space Avail:5,500 SF Rent/SF/Yr:
$10.00 - $12.00
Parking:Free Surface spaces are available; Ratio of 3.08/1,000 SF Amenities:Bus Line


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 LL
2,000 SF
$10.00/SF/Yr
Vacant
Negotiable
Office
 2nd
3,500 SF
$12.00/SF/Yr
Vacant
Negotiable
Office
 
9389838
10734418


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
LL
2,000 SF
$10.00/SF/Yr
Vacant
Negotiable
Office
2nd
3,500 SF
$12.00/SF/Yr
Vacant
Negotiable
Office

Sale Notes:
Incredible opportunity for user or investor - 27,000 +/- sf building with approximately 8,000 sf top floor rented through middle of 2018 and providing strong income, plus 19,000 sf available to use or lease (approx 8,000 sf on 2nd floor, 8,000 sf on first floor and 3,000 sf on lower level). Beautiful building with open spaces, private offices, conference rooms, kitchenettes, and approx. 70 car onsite parking! Desirable location next to the Registry of Motor Vehicles, near bus routes and easy access to Route 91. Don't miss out. Use for yourself, or fill the vacant space to generate a 12++ Cap return. (Note current cap is over 4 with the space on the first floor, second floor and lower level vacant - at below market rent projects to 15+ cap).

Coldwell Banker Newton Center
Todd Glaskin
(617) 969-2447


NAI Plotkin
William H Low
(413) 200-6023 x223



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