87-147 Avocado St - Distribution FOR SALE


Springfield, MA 01104- Brightwood
$4,950,000 USD
207-632-6806
87-147 Avocado St, Springfield, MA for Sale
$4,950,000 USD
Distribution - FOR SALE
1/28
null | Request Cap Rate

87-147 Avocado St
Springfield, MA 01104
Brightwood


HIGHLIGHTS

  • 100% LEASED
  • SUPPLY CONSTRAINED INDUSTRIAL MARKET
  • STRATEGIC LOGISTICS LOCATION

OVERVIEW

NAI Parsons Commercial Group is pleased to offer for sale 87 Avocado Street in Springfield, Massachusetts, a 100% leased 69,509 SF warehouse/distribution asset with 6.2 years of weighted average lease term at below-market rents. The Property represents a rare opportunity to acquire a fully stabilized, income-producing industrial asset in one of the strongest-performing secondary industrial markets in the Northeast. The building features functional, in-demand specifications including 20' clear heights, 600 Amps of power, and 29 tailboard loading docks — a configuration well-suited to modern warehouse, distribution, and light logistics users. 87 Avocado Street is located within the Hampden County industrial submarket, part of the broader Springfield industrial market, which reported just 6.1% vacancy as of Q3 2026 and market asking rent growth of 3.7% year-over-year — nearly triple the 1.3% national average. New supply remains highly constrained, with only 15,000 SF currently under construction against a 52.3-million-SF inventory base, limiting future competition for well-located product. Strategically positioned near Interstate 91 and Interstate 90/291, with direct access to CSX intermodal rail service, the Property benefits from Springfield's role as the primary logistics and distribution hub of Western Massachusetts. With in-place rents below current market levels and minimal new competitive supply, 87 Avocado Street offers investors a compelling blend of stable cash flow and meaningful upside at lease rollover.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Truck Terminal, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

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

CLEAR CEILING HT

20 Ft

DOCKS

29

DRIVE INS

1

PARKING SPACES

100

LAND DETAILS

LAND ACRES

5.2

LAND SF

226,512

ZONING

IA

APN/PARCEL ID

SPRI-000845-000000-000070

ASK ABOUT THIS PROPERTY

Lenny PierceNAI | Parsons Commercial Group - BostonMore Info
207-632-6806

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Lenny PierceNAI | Parsons Commercial Group - BostonMore Info
207-632-6806

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