107 1st Ave - Industrial FOR SALE


Chicopee, MA 01020 | 
$3,750,000 USD
413-265-1219
107 1st Ave, Chicopee, MA for Sale
$3,750,000 USD
Industrial - FOR SALE
1/4
null | Request Cap Rate

107 1st Ave
Chicopee, MA 01020


HIGHLIGHTS

  • 7.5% Cap Rate
  • Capital Amortization Recovery - Roof & HVAC as Additional Rent
  • 4% Management Fee Recovery
  • Absolute Corporate Guaranty

OVERVIEW

Jennings Real Estate Services, Inc.- 107 First Avenue is an approximately 40,000-square-foot industrial manufacturing facility situated on 2.92 acres of industrially zoned land in Chicopee, Massachusetts. Purpose-built for advanced manufacturing, the fully climate-controlled facility features heavy power infrastructure, functional loading, on-site parking, and an efficient combination of production, manufacturing, office, and support areas. Hoppe Technologies has made a substantial capital investment in the facility to support its specialized precision-manufacturing operations, reinforcing the property’s importance to the company. Strategically located within the Greater Springfield industrial market, the property offers convenient access to the Massachusetts Turnpike (I-90), I-91, I-291, and I-391, providing efficient connectivity throughout Western Massachusetts and the Northeast corridor. The property is leased on a long-term, triple-net basis to Hoppe Technologies, Inc., an advanced manufacturing company operating as part of Precinmac, LP. The lease extends through October 31, 2031, and is supported by an absolute and continuing guaranty from Precinmac, LP. The combination of specialized manufacturing infrastructure, strategic highway access, industrial zoning, contractual rent growth, substantial tenant investment, and strong corporate credit support creates an attractive opportunity to acquire a well-located, mission-critical industrial asset at a 7.5% cap rate.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Industrial Single Tenant Net Leased

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.92

LAND SF

127,195

ZONING

Industrial

APN/PARCEL ID

CHIC-000265-000000-000001,CHIC-000265-000000-000004

ASK ABOUT THIS PROPERTY

Kevin JenningsJennings Real Estate Services, Inc.More Info
413-265-1219

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Kevin JenningsJennings Real Estate Services, Inc.More Info
413-265-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.