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17250216
17250215

701 Kelly Way, Holyoke, MA 01040 For Sale

JL
MA 9519962, CT REB.0795440
Jennings Real Estate
KJ
MA 9039162
Jennings Real Estate
Listed by Jennings Real Estate
Unpriced
823 days on market
Updated 44 days ago

Single Tenant Net Leased Investment Opportunity

Details
Property Type Office
Sub Type Executive Office
Square Footage 13,069
Net Rentable (SqFt) 13,069
Units 1
NOI $197,022
Occupancy 100%
Tenancy Single
Brand/Tenant Rexel
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Class A
Year Built 2009
Buildings 1
Stories 1
Acreage 2.755
Zoning Industrial Park
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Office | 13,069 SF

Marketing description

JENNINGS REAL ESTATE SERVICES, INC.- 701 Kelly Way is an opportunity to acquire a single tenant net leased facility with four and a half years of remaining term to Rexel USA, one of the world's largest electrical distributors. Constructed in 2009, the building consists of 13,069 total square feet on 2.76 acres in the Crossroads Industrial Park. The well appointed office area is approximately 9,069 square feet and features a mix of private offices, cubicle space, a large training room, multiple conference rooms and a break room. Additionally, 4,000 square feet of high bay clean warehouse space accessed by both a loading dock and drive-in door offers incredible flexibility to this unique opportunity. The Crossroads Industrial Park is located at the intersection of Interstate 91 and the Massachusetts Turnpike and has been referred to as the Crossroads of New England offering incredible access to the areas regional highway system.

Listing Contacts

JL
MA 9519962, CT REB.0795440
Jennings Real Estate
KJ
MA 9039162
Jennings Real Estate
Listed by Jennings Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$197,022.00
$16,418.50/mo

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Additional Information

Name
Jonathan Little
License
9519962
Brokerage
Jennings Real Estate
Brokerage Phone
4137317770
Title
Real Estate Broker
Brokerage Address
280 Bridge Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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