Log In/Sign Up
Your email has been sent.
50 Whalon St., Fitchburg, MA 50 Whalon St 8,487 SF 100% Leased Office Building Fitchburg, MA 01420 $4,199,514 CAD ($494.82 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Proximity – 40-minute drive north of Worcester, MA
- Immediate Corridor – Located five doors down from Twin City Plaza Shopping Center, home to national tenants such as Hannaford and Planet Fitness
- Market Strength – Submarket vacancy rate of just 3.5%
- Traffic Counts – Whalon Street sees nearly 20,000 VPDs; the site is just 0.3 miles from US Route 13 (otherwise known as George W. Stanton Highway) wit
EXECUTIVE SUMMARY
Tenancy – Simply Pediatric Dentistry and Orthodontics, First Class Hair Design, Green Meadows Cannabis Fitchburg Dispensary
Fully Leased with WALT of 7.33 Years
Two of the Three Tenants Recently Exercised Their Five-Year Renewal Options Three Years Early (as of April 2025)
All Tenants Funded Their own Suite Buildouts at Significant Costs
True Triple-Net (NNN) Leases with all Expenses Including CAM, HVAC, Roof/Structure, and Management Fee are Reimbursed by the Tenants in Place
Submarket Vacancy Rate of just 3.5 Percent
Fully Leased with WALT of 7.33 Years
Two of the Three Tenants Recently Exercised Their Five-Year Renewal Options Three Years Early (as of April 2025)
All Tenants Funded Their own Suite Buildouts at Significant Costs
True Triple-Net (NNN) Leases with all Expenses Including CAM, HVAC, Roof/Structure, and Management Fee are Reimbursed by the Tenants in Place
Submarket Vacancy Rate of just 3.5 Percent
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,487 SF
Building Class
B
Year Built
2017
Price
$4,199,514 CAD
Price Per SF
$494.82 CAD
Cap Rate
8%
NOI
$335,952 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,487 SF
Building FAR
0.31
Lot Size
0.62 AC
Zoning
commercial
Parking
54 Spaces (6.36 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | FITC-000202-000101 | Improvements Assessment | $2,441,914 CAD |
| Land Assessment | $236,137 CAD | Total Assessment | $2,678,051 CAD |
PROPERTY TAXES
Parcel Number
FITC-000202-000101
Land Assessment
$236,137 CAD
Improvements Assessment
$2,441,914 CAD
Total Assessment
$2,678,051 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Company Not Provided
50 Whalon St., Fitchburg, MA | 50 Whalon St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.