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42 Summer St
Pittsfield, MA 01201
Yon Building · Bureau Propriété À vendre
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Faits saillants de l'investissement
- 9.86% Cap | 100% Leased Medical + Fitness | Downtown Pittsfield | $1.9M
- Historic 3-story Yon Building, ±34,094 SF, elevator, sprinklers, on-site parking plus municipal lot across the street
- Credit stack: Berkshire Medical Center + Quest Diagnostics (NYSE: DGX)
Résumé de l'annonce
The Yon Building at 42–56 Summer Street is a fully leased downtown Pittsfield investment offered at $1,900,000. Trailing-twelve-month NOI of $187,261 produces a 9.86% cap rate — in-place cash flow in a landmark three-story masonry building with on-site parking.
Berkshire Fitness occupies the entire first floor and has operated a gym at this address since 2001, with a contractual increase already scheduled for October 2026. Berkshire Healing Arts has occupied the third floor since at least 2010 and holds options through 2035. Berkshire Medical Center leases a second-floor outpatient suite through April 2029. Quest Diagnostics, a publicly traded national laboratory, has been in the building since 2010 and just extended through January 2030. Medical and diagnostic users represent roughly half of base rent; no single tenant dominates the roll. Income is already growing. All four leases contain contractual rent steps. No speculative lease-up is required.
The building is elevator-served and wet-sprinklered, with a glazed storefront, on-site parking, and the municipal Summer Street lot directly across the street. Ownership has upgraded the HVAC system, reconstructed the building parking lot, modernized the elevator, and completed façade and masonry work. Near-term capital needs are modest.
Leases are modified-gross. The landlord carries taxes, insurance, and most operating lines. BMC reimburses 8.25% of CAM; Healing Arts reimburses 65.9% of third-floor heating gas. Adjacent parking at 73 and 95 Union Street is available under separate purchase and is not included in this offering.
Downtown Pittsfield is Berkshire County’s commercial and healthcare hub — one block off North Street, a short walk from Berkshire Medical Center’s main campus and the Amtrak station. At ±$56 per square foot, the basis is a fraction of replacement cost for a three-story elevator masonry building with this parking.
Fee simple. Tours by appointment only. Please do not contact tenants. Inquiries: admin@skytopre.com
Berkshire Fitness occupies the entire first floor and has operated a gym at this address since 2001, with a contractual increase already scheduled for October 2026. Berkshire Healing Arts has occupied the third floor since at least 2010 and holds options through 2035. Berkshire Medical Center leases a second-floor outpatient suite through April 2029. Quest Diagnostics, a publicly traded national laboratory, has been in the building since 2010 and just extended through January 2030. Medical and diagnostic users represent roughly half of base rent; no single tenant dominates the roll. Income is already growing. All four leases contain contractual rent steps. No speculative lease-up is required.
The building is elevator-served and wet-sprinklered, with a glazed storefront, on-site parking, and the municipal Summer Street lot directly across the street. Ownership has upgraded the HVAC system, reconstructed the building parking lot, modernized the elevator, and completed façade and masonry work. Near-term capital needs are modest.
Leases are modified-gross. The landlord carries taxes, insurance, and most operating lines. BMC reimburses 8.25% of CAM; Healing Arts reimburses 65.9% of third-floor heating gas. Adjacent parking at 73 and 95 Union Street is available under separate purchase and is not included in this offering.
Downtown Pittsfield is Berkshire County’s commercial and healthcare hub — one block off North Street, a short walk from Berkshire Medical Center’s main campus and the Amtrak station. At ±$56 per square foot, the basis is a fraction of replacement cost for a three-story elevator masonry building with this parking.
Fee simple. Tours by appointment only. Please do not contact tenants. Inquiries: admin@skytopre.com
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Sous-type de propriété
Médical
Taille du bâtiment
34 094 pi²
Classe d’immeuble
B
Année de construction
1890
Prix
2 617 440 $ CAD
Prix par pi²
76,77 $ CAD
Taux de capitalisation
9,84%
Revenu net d’exploitation
257 611 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
11 365 pi²
Coefficient d’occupation des sols de l’immeuble
0,88
Taille du lot
0,89 AC
Zone de développement économique
Oui
Zonage
BD - D-C-D (Quartier créatif du centre-ville)
Stationnement
50 places (1,47 places par 1 000 pi² loué)
Commodités
- Accès 24 heures
- Système de sécurité
- Affichage
- Accessible aux fauteuils roulants
- Climatisation
- Détecteur de fumée
- Locker Room
- Shower Facilities
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