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BAY STATE VETERINARY EMERGENCY 463 Swansea Mall Dr

36,316 SF Office Building Swansea, MA 02777 £24,210,769 (£667/SF) 6.50% Net Initial Yield

Investment Highlights

  • STABLE LONG-TERM INVESTMENT | OPTIONS TO EXTEND – The NNN lease has just under 15 years remaining, with 2.75% annual rental increases after year 3
  • HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY – Veterinary Hospitals are extremely sought-after investments
  • CONVENIENT LOCATION – The subject property is well-positioned off Swansea Mall Drive, seeing more than 14,405 vehicles per day.
  • SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2.75% annual rental increase after year 3
  • TENANT INVESTMENT IN LOCATION – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location
  • NEARBY RETAIL – The property is surrounded by a mix of medical offices, schools, neighborhoods, and prominent retailers including Walmart Supercenter

Executive Summary

Broker of Record
Kyle Matthews
License No. 1000083-RE-RB (MA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
36,316 SF
Building Class
B
Year Built
2024
Price
£24,210,769
Price Per SF
£667
Net Initial Yield
6.50%
NOI
£1,573,700
Tenancy
Single
Number of Floors
2
Typical Floor Size
18,158 SF
Slab to Slab
12 ft
Building FAR
0.10
Lot Size
8.38 AC
Zoning
Commercial - Commercial
Parking
160 Spaces (4.41 Spaces per 1,000 SF Leased)

Links

1 of 1

PROPERTY TAXES

Parcel Number SWAN-000150-000023 Improvements Assessment £2,025,352
Land Assessment £491,781 Total Assessment £2,517,133

PROPERTY TAXES

Parcel Number
SWAN-000150-000023
Land Assessment
£491,781
Improvements Assessment
£2,025,352
Total Assessment
£2,517,133
(949) 662-2256

Contacts

  • Listing ID: 34224644

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 463 Swansea Mall Dr, Swansea, MA 02777

The Office Property at 463 Swansea Mall Dr, Swansea, MA 02777 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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