Gandara Mental Health Center 908 Belmont Ave 4,916 SF Retail Building Springfield, MA 01108 $1,042,140 CAD ($211.99 CAD/SF) 8.07% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family building located at 906-908 Belmont Avenue in Springfield, Massachusetts ("the Property"). The Property consists of a three-story multifamily building containing 4,916 square feet of gross leasable area on a 0.12-acre parcel of land. The Property is 100% leased to Gandara Mental Health Center. Gandara Mental Health Center commenced a five (5) year lease in February 2026. The lease features attractive 3.0% annual rent increases.
The Property is well-located in the Forest Hills neighborhood of Springfield and is approximately 2.5-miles from the heart of Downtown Springfield with excellent access to all the amenities the city has to offer. Springfield is the economic center of western Massachusetts and features a walkable downtown with a plethora of employment and entertainment opportunities. High profile attractions include the new MGM Hotel & Casino, the MassMutual Center, and the Naismith Basketball Hall of Fame. Springfield is also home to the Commonwealth of Massachusetts' largest Fortune 100 company, MassMutual Financial Group three large area hospitals and several colleges and universities, all of which create employment opportunities and drive people to the area.