620 Hinesburg Rd - Office FOR SALE


South Burlington, VT 05403
$5,625,000 USD
802-777-0732
620 Hinesburg Rd, South Burlington, VT for Sale
$5,625,000 USD
Office - FOR SALE
1/19
null | 7.23% Cap Rate

620 Hinesburg Rd
South Burlington, VT 05403


HIGHLIGHTS

  • A+ Location
  • Fully Leased with Long-term Leases
  • Credit National Tenant
  • Class A building

OVERVIEW

This is a rare opportunity to purchase a cash flowing, turn-key, class A office building in an A+ location. Located at a four-light intersection at the corner of Kennedy Drive and Hinesburg Road, this is one of the most accessible buildings in Chittenden County. The 3-story building is fully occupied by four credit tenants; NFP(owned by Aon),Business Resource Services, Northeast Insurance Broker Services, and Northeast Benefits Management, LLC.NFP, the largest tenant recently signed a 5-year lease extension. In 2014, 620 Hinesburg road underwent extensive renovations, including new windows, interior design, etc. Anew fire alarm system was installed in 2019 as well as the cooling tower and sump. In 2021, additional renovations occurred on the interior of the 1st and 2nd floors.

FOR SALE DETAILS

PRICE

$5,625,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kennedy Drive Professional Center

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

R7-NC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jaeger NeddeNedde Real EstateMore Info
802-777-0732

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Jaeger NeddeNedde Real EstateMore Info
802-777-0732

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