424 State Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
424 State Rd
8,300 SF 100% Leased Retail Building South Deerfield, MA 01373 £1,079,834 (£130.10/SF)
INVESTMENT HIGHLIGHTS
- Excellent Visibility
- Cannabis Retailer
- Condo
- Long Term Lease
- Ample Parking
- Recently Renovated
EXECUTIVE SUMMARY
Region Commercial is pleased to present on an exclusive basis, this approximately 8,300 square foot retail property, located on the busy 5 & 10 in Whately, MA. The building is a condo with 420 State Road, and sits at the corner of a busy intersection, just off of Exit 35 on I-91.
Recent improvement projects include fully renovated store area with new mechanicals, electrical and plumbing.
The property is fully leased to cannabis retailer, Cheech & Chong's Dispensoria on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking, and access off both 116 and Route 10. If you would like additional information about this property, or to schedule a tour, please reach out to discuss further.
Recent improvement projects include fully renovated store area with new mechanicals, electrical and plumbing.
The property is fully leased to cannabis retailer, Cheech & Chong's Dispensoria on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking, and access off both 116 and Route 10. If you would like additional information about this property, or to schedule a tour, please reach out to discuss further.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
8,300 SF
Building Class
C
Year Built
1988
Price
£1,079,834
Price Per SF
£130.10
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Lot Size
1.38 AC
Zoning
C - Commercial
Parking
45 Spaces (5.42 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,219,441 | |
| Land Assessment | £312,535 | Total Assessment | £1,531,976 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£312,535
Improvements Assessment
£1,219,441
Total Assessment
£1,531,976
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
424 State Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.