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31555249
31555250

306 Race St, Holyoke, MA 01040

JL
MA 9519962
Jennings Real Estate
KJ
MA 9039162
Jennings Real Estate
Listed by Jennings Real Estate
$2,160,000
61 days on market
Updated 3 days ago

Multi-Tenanted Medical/Office Investment Property

Details
Property Type Office
Sub Type Medical Office
Square Footage 14,950
Units 5
Cap Rate 9.23%
NOI $199,298
Occupancy 91%
Tenancy Multi
Lease Type NNN
Price per SqFt $144
Broker Co-Op Yes
Year Built 1895
Year Renovated 2005
Buildings 1
Stories 3
Acreage 0.410
Zoning IG- Industrial
Investment Type Stabilized

Office | 9.23% CAP | 14,950 SqFt

Marketing description

Jennings Real Estate Services, Inc- Mixed use medical building completely renovated in 2005. Long-term local tenants include Tapestry Health, Clean Slate, and Green Valley Analytics (GVA). The property is elevator-served for ADA compliance and features three floors. The lower level is occupied by GVA, a cannabis testing company. The street level is occupied by two Tapestry Health programs: Harm Reduction and Women's Sexual Health and Reproductive Services. The upper level is occupied by Clean Slate, an outpatient addiction medicine program, along with a 1,400 square foot vacant office space. The property is located in downtown Holyoke and includes an adjacent off-site parking lot with 18 spaces. Plentiful street parking provides additional options for employees and guests.

Investment highlights

14,950 SF building

5 units

Built in 1895

Renovated in 2005

Zoned IG- Industrial

Listing Contacts

JL
MA 9519962
Jennings Real Estate
KJ
MA 9039162
Jennings Real Estate
Listed by Jennings Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$199,298.00
$16,608.17/mo

Valuation Metrics

0
DSCR
9.23%
Cap Rate
9.23%
ROI

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Additional Information

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