20 Elm St - Medical FOR SALE


Pittsfield, MA 01201
$2,950,000 USD
617-610-7774
20 Elm St, Pittsfield, MA for Sale
$2,950,000 USD
Medical - FOR SALE
1/14
null | 7.8% Cap Rate

20 Elm St
Pittsfield, MA 01201


HIGHLIGHTS

  • First Class Medical Building in Great Location!
  • First Class Tenant - Triple Net (NNN) Leased! Zero Responsibilities!
  • Pittsfield is largest City in the Berkshires
  • Berkshire Health Systems is Largest Employer in County!
  • Quality Medical Tenant is Recession Proof!
  • New Lease with multiple options for long term success!

OVERVIEW

ABOUT THE TENANT: Berkshire Health Systems is the leading provider of comprehensive healthcare services for residents and visitors to Berkshire County. From inpatient surgery and cancer care to provider visits and imaging, Berkshire Health Systems (BHS) offers a continuum of programs and services that help patients to connect to the care they need, no matter where they are located in the rural Berkshire community. BHS supports 24-hour emergency care at its two inpatient acute care facilities, Berkshire Medical Center (BMC) in Pittsfield and Fairview Hospital in Great Barrington, as well as the Satellite Emergency Facility on the BMC campus in North Adams. Their hospitals offer advanced imaging and lab services and are closely integrated with the specialty care provided at the BMC Cancer Center. Berkshire Visiting Nurses Association (BVNA), BHS Urgent Care Center, and the BHS medical group network of primary and specialty care providers extend their continuum of expert care beyond the hospital. BHS offers its broad range of award-winning services at 30 provider clinics with 48 office locations across the county. As the largest employer in Berkshire County, BHS supports more than 4,000 jobs in the region, and, as a 501(c)(3) nonprofit organization, BHS is committed to partnering with local municipalities and community organizations to help the county thrive. LOCATION: Pittsfield is the largest city and the county seat of Berkshire County, Massachusetts. It is the principal city of the Pittsfield, Massachusetts Metropolitan Statistical Area which encompasses all of Berkshire County. The population was 43,927 at the 2020 census. Pittsfield remains the third largest municipality in Western Massachusetts. As the commercial center of the Berkshires, Pittsfield is the home of the world headquarters of SABIC Innovative Plastics, Berkshire Life, and General Dynamics Defense Systems center. Forward-thinking entrepreneurs have been investing and growing in Pittsfield, including Interprint’s $7 million capital investment, LTI Smart Glass’ $5 million expansion, the redesign of Pittsfield Plaza, and the long-anticipated Beacon Cinema on North St. Pittsfield is also the financial center of the Berkshires, as home to the ever-growing Berkshire Bank, Pittsfield Cooperative Bank, Greylock Federal Credit Union, and Berkshire Life. As the medical hub of the Berkshires, Pittsfield is the home of Berkshire Health Systems and its major hospitals, Berkshire Medical Center and Hillcrest hospital.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berkshire Health Family Practice Associates

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Showroom, Loft/Creative Space, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

Commercial

APN/PARCEL ID

PITT-000008I-000025-000004

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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