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Holyoke Professional Arts Center 306 Race St 14,950 SF 91% Leased Office Building Holyoke, MA 01040 $2,985,876 CAD ($199.72 CAD/SF) 10.69% Cap Rate



Executive Summary
Jennings Real Estate Services, Inc- Mixed use medical building completely renovated in 2005. Long-term local tenants include Tapestry Health, Clean Slate, and Green Valley Analytics (GVA). The property is elevator-served for ADA compliance and features three floors. The lower level is occupied by GVA, a cannabis testing company. The street level is occupied by two Tapestry Health programs: Harm Reduction and Women's Sexual Health and Reproductive Services. The upper level is occupied by Clean Slate, an outpatient addiction medicine program, along with a 1,400 square foot vacant office space. The property is located in downtown Holyoke and includes an adjacent off-site parking lot with 18 spaces. Plentiful street parking provides additional options for employees and guests.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,950 SF
Building Class
B
Year Built/Renovated
1895/2005
Price
$2,985,876 CAD
Price Per SF
$199.72 CAD
Cap Rate
10.69%
NOI
$319,061 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,983 SF
Slab To Slab
11’
Building FAR
1.72
Lot Size
0.20 AC
Zoning
IG - Office Building
Parking
18 Spaces (1.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- GVA
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| GVA | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Fl-Ste 4
- 1,400 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 4 | 1,400 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 4
| Size |
| 1,400 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | HOLY-000030-000008-000013 | Improvements Assessment | $1,173,779 CAD |
| Land Assessment | $34,625 CAD | Total Assessment | $1,208,404 CAD |
Property Taxes
Parcel Number
HOLY-000030-000008-000013
Land Assessment
$34,625 CAD
Improvements Assessment
$1,173,779 CAD
Total Assessment
$1,208,404 CAD
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Holyoke Professional Arts Center | 306 Race St
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