Office Space /MA /Hampden County /Springfield /70 Bond St
Office Space /MA /Hampden County /Springfield /70 Bond St

70 Bond St - Office FOR SALE


Springfield, MA 01104- Memorial Square | 
$6,982,000 USD
413-726-9836
70 Bond St, Springfield, MA for Sale
$6,982,000 USD
Office - FOR SALE
1/3
null | 8% Cap Rate
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70 Bond St
Springfield, MA 01104
Memorial Square

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HIGHLIGHTS

  • Over $1,500,000.00 invested into the building infrastructure, systems and finishes in 2022.
  • One 5 year renewal commencing July 1, 2028, provided 180 day notice.
  • The Government Services Administration (GSA) administers and guarantees the lease on behalf of the Social Security Administration.

OVERVIEW

The property was developed for the SSA in 2005. They occupy 100% of the building. The most recent Tenant Improvements, in 2022, upgraded the security and IT infrastructure, communications, furniture and the HVAC systems.

FOR SALE DETAILS

PRICE

$6,982,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

B1

APN/PARCEL ID

SPRI-001610-000000-000009

ASK ABOUT THIS PROPERTY

Frank FitzgeraldOpal Real Estate GroupMore Info
413-726-9836

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Frank FitzgeraldOpal Real Estate GroupMore Info
413-726-9836

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