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114-B State Rd, Sagamore Beach, MA: Multi-tenant Net Leased Investment for Sale

114 State Rd, Sagamore Beach, MA 02562, USA

SOLD!

114-B State Rd, Sagamore Beach, MA: Multi-tenant net leased investment for sale

Multi-tenant net leased office building (+/- 6,900 s.f.) for sale. This well positioned, free standing condominium (1 of 2) is occupied by two long-term tenants (financials available to qualified buyers) and recent exterior and interior upgrades make for virtually hands free ownership. Located approx. 1 mile north of the Sagamore Bridge and 2 miles south of Exit 2 (of Route 3, Cedarville, MA), this site allows for easy access to cover all of Barnstable, Plymouth and Bristol Counties, as well as Routes 3, 6, 25, 28, 195 and 495.

The three story structure is fully occupied, with the top two floors of high quality office space accessed from the front and leased to Green Seal Environmental who has occupied this structure since January of 2009. The walk-out lower level is accessed from the rear and is occupied by both GSE Engineering, as well as Bridger Scientific, who has occupied their space since the spring of 2001. Each floor consists of approximately 2,300 square feet, and ample parking exists in the front and rear of the Subject Property, as well as the nearly identical sister property, which share the use and maintenance of the common parking serviced by a common driveway. This structure is heated / cooled by a natural gas HVAC system.

This offering is improved by 25Kw solar system that was installed in February of 2016. The power produced by this system goes to the common meter and is currently to the benefit of the existing tenant GSE. Upon a departure, the new owner will receive this benefit (valued at +/- $5,000 annually). In addition, this system will produce 5 additional years of SREC sales, currently valued at +/- $7,000 annually, which are to the benefit of new ownership upon transfer of title. This property is being offered at a +/- 8 cap. Call today to schedule a showing!

Commercial property description

Property Type:Investment, Office Building
Service Type:Commercial Real Estate for Sale – SOLD!
Total Sq. Ft.:(+/- 6,900 Sq. Ft.)
Price:For Sale for $850,000

Commercial real estate location: 114-B State Rd, Sagamore Beach, MA