125 Liberty St - Medical FOR SALE
Springfield, MA 01103 |
125 Liberty St
Springfield, MA 01103
HIGHLIGHTS
- 125 Liberty Street is a four-story medical office that benefits from unrivaled exposure on a 2.15-acre lot that encompasses an entire city block.
- Liberty Arts Medical Building spans 54,720 SF, offering suites with reception areas, exam rooms, two elevators, monument signage, and ample parking.
- Occupied at 36.4%, presenting a value-add opportunity for investors to implement a strategic lease-up plan to increase occupancy and rental income.
- Immediate access to I-291 and I-91, 5 miles from the Mass Pike and adjacent to Springfield Union Station, offering connectivity to major markets.
- Located within an Opportunity Zone, investors can take advantage of tax incentives to help offset startup costs.
- City attracts major employers such as MassMutual and benefits from a growing demand for office space, leading to low vacancy rates.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Medical Office W/ Immense Upside on ±2-acres
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
54720
STORIES
4
BUILDING CLASS
C
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
193
LAND DETAILS
LAND ACRES
2.15 AC AC
LAND SF
93,654 SF
ZONING
-
APN/PARCEL ID
SPRI-007770-000000-000645
