219 North Main Street - Vermont Department of Transportation
Office | 7.00% CAP | 80,423 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present 219 North Main Street | Barre, VT 05641. The multi-tenant, 80,717 SF office building was constructed in 2013, and is leased to Vtrans and Rehab Gym.
VTRANS: The Vermont Agency of Transportation (VTrans) plans, develops, implements, and manages a statewide transportation network - including roads, bridges, railroads, airports, park-and-rides, bicycle and pedestrian facilities, and public transportation facilities and services. Vermonters who, along with visitors, combine to travel over 7.1 billion vehicle miles over the States roads.
REHABGYM: The RehabGYM treats the underlying cause of pain rather than treating just the symptoms, leading to longer lasting and more functional rehab outcomes. Physical therapists and athletic trainers provide a variety of services including injury prevention, recognition, treatment, and rehabilitation of physical trauma to those in the active population.
Investment highlights
- VTRANS: Anchor tenant leasing over 70,000 SF of the 2014 developed building | Credit Tenancy: Fitch: AA+
- REHABGYM: Physical Therapy & Rehabilitation Industry was over $41.9 Billion in 2022
- REHABGYM: has multiple services providing from physical therapists and athletic trainers
- Long Term Leases with Over 14.6 WALT
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