Springfield Armory Redevelopment
New Offering: Springfield, MA MSA | List Price: $3,500,000 | ±145,000 NRSF | Self-Storage
Marketing description
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Investment highlights
• ~$2M Historic Tax Credits Offset Redevelopment Basis, Enhancing Returns and Reducing Required Upfront Equity.
• Located Within a Federally Designated Opportunity Zone Providing Potential Capital Gains Tax Deferral and Long-Term Tax Advantages
• Undersupplied Market With Approximately 6.5 SF Per Capita.
• High-Density Area With Approximately 238,960 People Within a 5-Mile Radius and No Competing Storage Properties Within 1 Mile.
• Fully Completed Architectural Plans Enabling Immediate Permitting and Accelerated Construction Timeline.
• $16K+ of Monthly In-Place Income Reducing Carry Costs During Final Predevelopment Phase.
• $2.6M Public Investment in Adjacent Dam Infrastructure Signals Strong Municipal Support
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