424 State Rd
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424 State Rd
8,300 SF 100% Leased Retail Building South Deerfield, MA 01373 £1,113,409 (£134/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
£1,113,409
Price Per SF
£134
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 | £1,257,356 | |
| Land Assessment | £322,252 | Total Assessment | £1,579,609 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£322,252
Improvements Assessment
£1,257,356
Total Assessment
£1,579,609
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424 State Rd
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