2418 Airport Rd - Medical FOR SALE


Barre, VT 05641
$6,662,951 USD
781-776-4012
2418 Airport Rd, Barre, VT for Sale
$6,662,951 USD
Medical - FOR SALE
1/9
null | 8.1% Cap Rate

2418 Airport Rd
Barre, VT 05641


HIGHLIGHTS

  • Upside Potential
  • Scheduled Rent Increases
  • Net Leases
  • Strategic Location
  • E-Commerce Resistant Investment

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase Eastview Place, a medical and professional center located at 2418 Airport Road and 58-82 E View Lane in Barre, Vermont (the “Property”). The Property is comprised of three freestanding, two-story medical and professional buildings, that contain a total of 34,692 square feet on a well-maintained and well parked 3.18-acre parcel of land. Eastview Place is 83.65% occupied by seven tenants and contains two vacant units totaling 5,672 square feet which offer significant upside through lease-up. Positioned along Airport Road, the Property benefits from its central location just off VT Route 62, with close and convenient access to US Route 302 and Interstate 89. Eastview Place is across the street from the Edward F Knapp State Airport and is strategically positioned in between downtown Montpellier and downtown Barre, both approximately 5-miles away. The Properties also offer convenient access to northern Vermont’s other cities including Burlington and St Johnsbury, as well as Lebanon, NH at the confluence of Interstates 89 and 91.

FOR SALE DETAILS

PRICE

$6,662,951 USD

PRICE/SF

$576 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastview Place

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

3.18 AC

LAND SF

138,521 SF

ZONING

C

APN/PARCEL ID

060-018-11863

ASK ABOUT THIS PROPERTY

Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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