1150 Hall of Fame Ave - Health Club FOR SALE


Springfield, MA 01105- South End Hampden
$14,965,000 USD
332-345-4222
1150 Hall of Fame Ave, Springfield, MA for Sale
$14,965,000 USD
Health Club - FOR SALE
1/2
null | 6.5% Cap Rate

1150 Hall of Fame Ave
Springfield, MA 01105
South End Hampden


HIGHLIGHTS

  • LA Fitness Showing Strong Commitment to the Site By Extending the Lease by 15 Years
  • Under Market Rent for the Law Firm | Potential Value Add
  • Located at the Basketball Hall of Fame Entertainment Complex on the Connecticut Riverfront and Across the Street From the MGM Casino!
  • LA Fitness is the Largest Non-Franchised Fitness Operator in the Nation with over 700 Locations

OVERVIEW

NNN Pro is pleased to present the exclusive listing for the property leased to Fitness International, LLC, Pellegrini, Seeley, Ryan & Blakesley, P.C, (PSRB, P.C.) and Professional Physical Therapy located at 1150 Hall of Fame Avenue, Springfield, MA 01105. The site consists of roughly 74,978 rentable square feet of building space on an estimated 3.56-acre parcel of land. The LA Fitness is subject to a 15- year NN lease extension, which was extended as of 9/1/2023, while the law firm and physical therapist have 4.5 years and roughly 1 year remaining on their leases. The upcoming NOI of the subject property is $972,667. The subject property is a condominium unit within the "Springfield Riverfront Condominium" complex. The entire complex is subject to a ground lease held by the Springfield Riverfront Development Corporation, with the remaining term lasting Seventy- Five (75) years, expiring in 2099.

FOR SALE DETAILS

PRICE

$14,965,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

3.56 AC

LAND SF

155,074 SF

ZONING

WC

APN/PARCEL ID

SPRI-012168-000000-000066,SPRI-012168-000000-000076,SPRI-012168-000000-000086,SPRI-012168-000000-000099

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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