Pythian Building | 76 Church St
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Pythian Building 76 Church St
19,076 SF 100% Leased Office Building Whitinsville, MA 01588 £2,271,570 (£119/SF) 7.40% Net Initial Yield
Executive Summary
Amazing opportunity to own this iconic downtown office building. Historically known as the Pythian Building, the current owners restored and revived this building after it had been unused for decades. Two of the existing office suites feature dramatic atriums with a beautiful mix of wood and glass. Tremendous opportunities available with this office building to continue using it as is or dividing it into additional suites and store fronts. Currently fully occupied with long-term tenants. Ample off street municipal parking behind the building and across the street. 3 stop elevator installed during the 2002 renovations. Rubber roof and solar panels installed in 2015.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
19,076 SF
Building Class
C
Year Built
1921
Price
£2,271,570
Price Per SF
£119
Net Initial Yield
7.40%
NOI
£168,096
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
4,769 SF
Building FAR
1.64
Lot Size
0.27 AC
Zoning
B1
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PROPERTY TAXES
Parcel Number | NBRI-000014-A000029 | Improvements Assessment | £1,114,793 |
Land Assessment | £88,200 | Total Assessment | £1,202,992 |
PROPERTY TAXES
Parcel Number
NBRI-000014-A000029
Land Assessment
£88,200
Improvements Assessment
£1,114,793
Total Assessment
£1,202,992
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Pythian Building | 76 Church St
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