Listed by Marcus & Millichap - Cleveland
$9,831,653
60 West Street - Community College of Vermont
Details
APN 540-170-20666
Property Type Office
Sub Type Traditional Office
Square Footage 32,341
Cap Rate 7.50%
NOI $737,374
Tenancy Single
Lease Type NNN
Lease Expiration 07/30/2034
Rent Bumps Yes
Class A
Year Built 2011
Buildings 1
Stories 3
Acreage 0.640
Zoning Commercial
Parking Spaces 95 spaces
Parking Per SqFt 2.94
Investment Type Net Lease
Tenant Credit Credit Rated
Ownership Fee Simple
Office | 7.50% CAP | 32,341 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present 60 West Street | Rutland, VT 05701. The single-tenant, 32,231 SF office building was constructed in 2021 and is leased to the Community College of Vermont (CCV), who is the second largest college in the State of Vermont. The College sits on West St in the Heart of Rutland with National Neighboring Tenants like Walmart, the UPS, Verizon, Dollar Tree, Mattress Firm, T.J. Maxx and more.
Investment highlights
- CREDIT TENANCY: Fitch AA+
- 32,214 SF State-of-the-Art Facility Developed in 2011
- CVV is the Second Largest College in the State of Vermont
- Over 10,000 Students Annually
- Community College of Vermont is Accredited by the New England Commission of Higher Education
- Lease Guaranteed by Vermont State Colleges
- 5-MILE POPULATION: 24,473
- 5-MILE HH INCOME: $80,141
Listing Contacts
Listed by Marcus & Millichap - Cleveland
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$737,374.00
$61,447.83/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
DB CommercialSpecial CommercialDowntown Business
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View all 27 uses Last updated May 21, 2026 For deeper zoning details, reports are available at Zoneomics
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