32 Century St - Service FOR SALE


Agawam, MA 01001
$4,675,000 USD
949-350-5431
32 Century St, Agawam, MA for Sale
$4,675,000 USD
Service - FOR SALE
1/5
null | 6% Cap Rate

32 Century St
Agawam, MA 01001


HIGHLIGHTS

  • FleetPride: A Highly Reputable, B- Rated Industrial Tenant With Over 300 Locations Across the U.S.
  • Mission-Critical Location: FleetPride Has Operated at This Site for Over 20 Years and Recently Committed to a 10-Year Lease Extension, Proving the Ten
  • Prime Location: Strategically Positioned Off the Intersection of I-91 Freeway and the I-57 Highway with Combined Traffic Counts Exceeding 145,000 CPD

OVERVIEW

--High Credit Tenant -Strong Corporate Guarantee: Backed by a Tenant with Over $6 Billion in Annual Revenue -Market Leadership: FleetPride Is the Largest U.S. Distributor of Heavy-Duty Truck and Trailer Parts and Services -Mission Critical Location: FleetPride Service Center with 12 Truck Bays to Perform Maintenance on Heavy Duty Trucks -Fair Market Value Renewals: Lease Renewal Options are at Fair Market Value, Providing a Great Hedge Against Inflation -E-Commerce & Recession-Resilient: FleetPride's Business Model Is Well-Suited to Thrive in Various Economic Condition --Strong Real Estate Fundamentals -Highly Desirable IOS Site: The Property Boasts a Large 2.91-Acre Lot, a Key Feature in Today’s Market -Long-Term Occupancy: FleetPride Has Consistently Renewed Its Lease and Operated Successfully at This Location Since 2005 -Excellent Condition: Both Tenant and Landlord Have Invested in Significant Capital Improvements, Maintaining the Property in Top Condition -Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market -Located in a Dense Industrial Area with other National Brands such as Pepsi Bottling Group, FedEx Ground, Amazon, Old Dominion Freight, Thermo King, H&E Equipment Services, ABF Freight, Motion Industries, Epiroc, Culligan, and Many More within Close Proximity to the Subject Property --Pride of Ownership Springfield, MA -High Density Population: Over 223,000 Residents within 5 Miles -Strong Daytime Workforce: Over 237,000 Daytime Employees within 5 Miles -Affluent Population: Average Household Income Exceeds $84,000 within 5 Miles Broker of Record: Thomas Shihadeh – License: #1000485

FOR SALE DETAILS

PRICE

$4,675,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FleetPride | 10-Year NNN Lease

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

13

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.9

LAND SF

126,324

ZONING

IA

APN/PARCEL ID

AGAW-000013N-000008-000008

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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