185 West Avenue

    Ludlow, MA 01056
    • $1,975,000
    • STATUS: Active
    • MLS #: 72550860
    UPDATED: 21 min ago
    $1,975,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,148
      SQFT
    • $177
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1988
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Jeffrey Brochu of Brochu Real Estate.

    Description

    Attention Local & Out of Town Investors. 185 West Avenue is a Commercial Condominium Association. This building is a medical professional office park currently occupied by 12 Office Condo Suites, Physicians, Psychiatrist & Therapy Offices, Sports Rehabilitation, & Lab Testing Facility. The Real Estate For Sale is the entire building and all individual office condos. The current owners occupy 11 of the 12 suites and are willing to negotiate a long term lease to remain as tenants. This is a unique offering with a Capitalization of around 6%.The building was constructed in 1988 and has a very large onsite parking lot and elevator to provide ease of access to the 2nd and 3rd Floor. Turn key opportunity with very positive return on your investment. There is 11,148 sq feet of lease-able space and the anchor tenants will remain in 10,240 sq feet.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-04-05T08:06:13.433.
    www.dna-realty.com/homes/98025321

    185 West Avenue Ludlow, MA 01056

    • Price: $1,975,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 72550860
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    11,148
    SQFT
    $177
    $/SQFT
    1988
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    Property Description
    Attention Local & Out of Town Investors. 185 West Avenue is a Commercial Condominium Association. This building is a medical professional office park currently occupied by 12 Office Condo Suites, Physicians, Psychiatrist & Therapy Offices, Sports Rehabilitation, & Lab Testing Facility. The Real Estate For Sale is the entire building and all individual office condos. The current owners occupy 11 of the 12 suites and are willing to negotiate a long term lease to remain as tenants. This is a unique offering with a Capitalization of around 6%.The building was constructed in 1988 and has a very large onsite parking lot and elevator to provide ease of access to the 2nd and 3rd Floor. Turn key opportunity with very positive return on your investment. There is 11,148 sq feet of lease-able space and the anchor tenants will remain in 10,240 sq feet.
    Exterior Features

    Location Office Park Parking Features On Site Parking Spaces 50 Stories 3

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Rsf Building Sq Ft 0.00 Total Building Sq Ft 11148.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 898500.00 Assessed Value Land 0.00 Assessed Value Total 898500.00 Assoc Fee Includes WaterSewerMaster InsuranceElevatorExterior MaintenanceRoad MaintenanceLandscapingSnow RemovalRefuse RemovalParking Commercial Industrial Type Commercial Condo Condo Association Yes Disclosure No Disclosures All Final Data Provided is Approximated To The Best Of Our KnowledgeWith A Signed Disclosure Tax Documentation Can Be Provided. Exchange No Gross Annual Expense 50283.00 Gross Annual Income 153600.00 Lease No Lender Owned No Mau Units 0 Net Operating Income 103317.00 Ofu Units 12 On File21 E No Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2019 Taxes 17808.00 Total Units 12 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning 0

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Jeffrey Brochu of Brochu Real Estate.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-04-05T08:06:13.433.
     
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    Listing courtesy of Jeffrey Brochu of Brochu Real Estate.