28 Appleton St - Manufacturing FOR SALE


Holyoke, MA 01040- Downtown Holyoke
$7,500,000 USD
413-734-7923
28 Appleton St, Holyoke, MA for Sale
$7,500,000 USD
Manufacturing - FOR SALE
1/10
null | 7.59% Cap Rate

28 Appleton St
Holyoke, MA 01040
Downtown Holyoke


HIGHLIGHTS

  • Net-lease investment property
  • Stabilized income stream with opportunity for growth

OVERVIEW

R.J. Greeley Company has been exclusively retained to facilitate the fee simple sale of 28 Appleton Street, Holyoke, MA. This 141,000 sf industrial asset is 100% occupied with four tenants in place and additional potential upside by leasing remaining basement space. The primary tenant, Rise Holdings, a wholly owned subsidiary of Green Thumb Industries, (OTCMKTS:GTBIF), is a vertically integrated cannabis company occupying approximately 60,000 square feet for the purpose of cannabis cultivation, product manufacturing and packaging. Through this facility, Rise services its four Massachusetts retail sites, 3 being adult-use and 1 being medical use. This property is uniquely located in Holyoke, MA, a community that was an early adapter of cannabis friendly zoning bylaws. Likewise, as cannabis cultivation consumes a large amount of electricity, cannabis operators and other manufacturers and users alike are attracted to Holyoke for its municipal utility rates, near the lowest in Massachusetts. With below market rents and substantial tenant investment in the property, 28 Appleton Street is a desirable investment with opportunity for growth and stabilized long term tenancy.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$374 USD /SF

CAP RATE

7.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

UTILITIES

-

CLEAR CEILING HT

17 Ft

DOCKS

5

DRIVE INS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.83

LAND SF

79,715

ZONING

IG

APN/PARCEL ID

HOLY-000032-000001-000001

ASK ABOUT THIS PROPERTY

Brendan GreeleyR.J. Greeley CompanyMore Info
413-734-7923

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Brendan GreeleyR.J. Greeley CompanyMore Info
413-734-7923

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