1127 S Main St - Warehouse FOR SALE


Palmer, MA 01069
$3,963,921 USD
781-776-4003
1127 S Main St, Palmer, MA for Sale
$3,963,921 USD
Warehouse - FOR SALE
1/5
null | 10% Cap Rate

1127 S Main St
Palmer, MA 01069


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Corporate Lease
  • Minimal Landlord Responsibilities
  • Strategic Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant investment property located at 1127 S Main Street in Palmer, Massachusetts (the “Property”). The Bell/Simons Co occupies a 93,270 square foot facility on a large 5.31-acre site. The Bell/Simons Co has a long operating history at this Property and has continuously extended their lease demonstrating their commitment to the site and the market. The Bell/Simons Co has 2 years remaining on their Modified Net Lease. The lease provides for annual rental increases every year throughout the primary lease term. The Bell/Simons Co is well-located along S Main Street (MA Route 32), one of the area’s primary commercial corridors. The Property benefits from excellent visibility, frontage, and signage and is one mile from the center of Palmer. The Property is strategically located near major highways, including Park Street (US Route 20) and the Massachusetts Turnpike (Interstate-90), which runs through Palmer, connecting it to Springfield, Worcester, and Boston. The Property’s location makes it an appealing choice for businesses that are reliant on transportation and connectivity to the area’s largest markets.

FOR SALE DETAILS

PRICE

$3,963,921 USD

PRICE/SF

$42 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BellSimons Companies

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.31

LAND SF

231,304

ZONING

IA

APN/PARCEL ID

PALM-000056-000000-000004

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.