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West Holyoke Plaza 250 Westfield Rd 29 567 pi² Commerce de détail Immeuble Holyoke, MA 01040 6 709 441 $ CAD (226,92 $ CAD/pi²) 7,60% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 29,567 SF Neighborhood Retail Property
- Future Development Possible
- Mostly NNN Leases
- Long Term Tenancy
- 220 surface level parking spots (7.44 Spaces/1,000 SF Leased)
RÉSUMÉ DE L'ANNONCE
Northeast Private Client Group is pleased to present West Holyoke Plaza, an 8-suite, 29,567 SF Dollar General anchored neighborhood retail center located at 250 Westfield Road in Holyoke, Massachusetts.
The property is situated on approximately 3.5 acres with 575 feet of frontage along Westfield Road, which experiences an Annual Average Daily Traffic count of approximately 17,878 vehicles per day, providing strong visibility and consistent consumer activity.
Tenant paid utilities and NNN reimbursements help maximize NOI for ownership. The main building includes approximately 20,000 SF of ground floor retail, a 6,000 SF finished lower level leased to the Holyoke Knights of Columbus, and an additional 4,000 SF of tenant and owner storage. Two outparcel buildings, approximately 1,000 SF and 2,000 SF respectively, provide additional rental income and further diversify revenue streams.
Originally constructed in 1963, the plaza has been well maintained and recently renovated, including upgrades to electrical and plumbing systems, stormwater management, paving, HVAC, and major portions of the parking lot.
The property offers investors immediate day one cash flow and a stabilized rent roll, with upside supported by 2025 contractual rent increases and scheduled escalations beginning in 2026, providing near-term appreciation for new ownership. Additional value add potential exists through possible expansion of the main building and further outparcel development.
The property is situated on approximately 3.5 acres with 575 feet of frontage along Westfield Road, which experiences an Annual Average Daily Traffic count of approximately 17,878 vehicles per day, providing strong visibility and consistent consumer activity.
Tenant paid utilities and NNN reimbursements help maximize NOI for ownership. The main building includes approximately 20,000 SF of ground floor retail, a 6,000 SF finished lower level leased to the Holyoke Knights of Columbus, and an additional 4,000 SF of tenant and owner storage. Two outparcel buildings, approximately 1,000 SF and 2,000 SF respectively, provide additional rental income and further diversify revenue streams.
Originally constructed in 1963, the plaza has been well maintained and recently renovated, including upgrades to electrical and plumbing systems, stormwater management, paving, HVAC, and major portions of the parking lot.
The property offers investors immediate day one cash flow and a stabilized rent roll, with upside supported by 2025 contractual rent increases and scheduled escalations beginning in 2026, providing near-term appreciation for new ownership. Additional value add potential exists through possible expansion of the main building and further outparcel development.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
29 567 pi²
Classe d’immeuble
C
Année de construction/rénovation
1964/2014
Prix
6 709 441 $ CAD
Prix par pi²
226,92 $ CAD
Taux de capitalisation
7,60%
Revenu net d’exploitation
509 770 $ CAD
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
3,45 AC
Zonage
BL - Entreprise limitée (de quartier).
Stationnement
220 places (7,44 places par 1 000 pi² loué)
Façade
COMMODITÉS
- Ligne d'autobus
- Lot de coin
- Voie de virage obligatoire
- Enseigne sur pylône
- Restaurant
- Affichage
- Service au volant
- Éclairage accentué
- Espace d'entreposage
- Climatisation
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | HOLY-000157-000000-000071 | Évaluation des bâtiments | 1 946 192 $ CAD |
| Évaluation du terrain | 278 249 $ CAD | Évaluation totale | 2 224 442 $ CAD |
Impôts fonciers
Numéro de lot
HOLY-000157-000000-000071
Évaluation du terrain
278 249 $ CAD
Évaluation des bâtiments
1 946 192 $ CAD
Évaluation totale
2 224 442 $ CAD
CONTACTS
-
Drew Kirkland -
James Casey -
Francis Saenz -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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West Holyoke Plaza | 250 Westfield Rd
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