The Calart Tower I | 400 Reservoir Ave
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The Calart Tower I 400 Reservoir Ave
60,000 SF 96% Leased Office Building Providence, RI 02907 £4,107,863 (£68/SF)
Executive Summary
GREAT 1031 EXCHANGE OPPORTUNITY
Iconic Calart Tower is now available for purchase. This is a partial ownership interest of the majority of office suites spread out over all 4 floors of the building. Out of 40 total suites, 5 are individually owned and occupied but could also be purchased. Of the 35 suites being sold as this portfolio, 30 are leased with 5 currently vacant. This historic property boasts unparalleled highway access in all directions. Abundant parking while still maintaining a Providence address add to the desirability of this location. Full rent roll is being developed and will be attached to this listing.
Iconic Calart Tower is now available for purchase. This is a partial ownership interest of the majority of office suites spread out over all 4 floors of the building. Out of 40 total suites, 5 are individually owned and occupied but could also be purchased. Of the 35 suites being sold as this portfolio, 30 are leased with 5 currently vacant. This historic property boasts unparalleled highway access in all directions. Abundant parking while still maintaining a Providence address add to the desirability of this location. Full rent roll is being developed and will be attached to this listing.
Property Facts
Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Office
Property Subtype
Medical
Building Size
60,000 SF
Building Class
B
Year Built/Renovated
1965/1984
Price
£4,107,863
Price Per SF
£68
Percent Leased
96%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
20,000 SF
Slab to Slab
11 ft
Building FAR
0.36
Land Acres
3.78 AC
Zoning
Commercial
Parking
190 Spaces (3.17 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Route
- Convenience Store
- Property Manager on Site
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 3rd Fl-Ste 3D
- 1,595 SF
- Office
- Full Build-Out
- 30 Days
Suite 3E/I was previously occupied by a full-service dental practice. While all equipment has been removed, the connections and basic infrastructure remains intact. This space could be ideal for a medical practice as all rooms are equipped with sinks. Private bathroom.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1B | 654 SF | Office | - | Now |
| 2nd Fl-Ste 2G-1 | 300 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 3D | 1,595 SF | Office | Full Build-Out | 30 Days |
| 3rd Fl-Ste 3E/I | 1,600 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 1B
| Size |
| 654 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 2G-1
| Size |
| 300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 3D
| Size |
| 1,595 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Fl-Ste 3E/I
| Size |
| 1,600 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl-Ste 1B
| Size | 654 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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2nd Fl-Ste 2G-1
| Size | 300 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
3rd Fl-Ste 3E/I
| Size | 1,600 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Suite 3E/I was previously occupied by a full-service dental practice. While all equipment has been removed, the connections and basic infrastructure remains intact. This space could be ideal for a medical practice as all rooms are equipped with sinks. Private bathroom.
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,400,093 | |
| Land Assessment | £0 | Total Assessment | £1,400,093 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£1,400,093
Total Assessment
£1,400,093
-
Jim Conway -
Conway Commercial Group
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The Calart Tower I | 400 Reservoir Ave
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