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Office Warehouse

318-340 & 342 Broad Street

318 Broad St, Fitchburg, MA 01420

Listing Price: $2,200,000

Cap Rate
7.73%
Gross SF
101,000
Price/Gross SF
$21.78
Lot Size
3.17 acres
Year Built
1910
Rentable SF
90,049

Investment Overview

The Broad Street Industrial Portfolio features over 100,000 square feet of historic industrial space leased to a variety of businesses. This well-maintained building generates substantial cash flow while offering upside through raising rents. Conversely, a buyer can convert this facility to self-storage. Rents on the upper level, currently set below $1.50 PSF, can be significantly increased by installing a freight elevator. Located half a mile from Fitchburg’s primary attractions this building is ideal for industrial uses or recreational activities.

Investment Highlights

  • LOCATED 0.5 MILES FROM FITCHBURG'S TOP RETAIL AMENITIES
  • STABILIZED BUILDING WITH BELOW MARKET RENTS
  • MASSIVE VALUE-ADD POTENTIAL VIA INCREASING RENTS ON THE UPPER

Exclusively Listed By

Financing By

Office Warehouse

318-340 & 342 Broad Street

Listing Price: $2,200,000

Cap Rate
7.73%
Gross SF
101,000
Price/Gross SF
$21.78
Lot Size
3.17 acres
Year Built
1910
Rentable SF
90,049

Investment Highlights

  • LOCATED 0.5 MILES FROM FITCHBURG'S TOP RETAIL AMENITIES
  • STABILIZED BUILDING WITH BELOW MARKET RENTS
  • MASSIVE VALUE-ADD POTENTIAL VIA INCREASING RENTS ON THE UPPER

Investment Overview

The Broad Street Industrial Portfolio features over 100,000 square feet of historic industrial space leased to a variety of businesses. This well-maintained building generates substantial cash flow while offering upside through raising rents. Conversely, a buyer can convert this facility to self-storage. Rents on the upper level, currently set below $1.50 PSF, can be significantly increased by installing a freight elevator. Located half a mile from Fitchburg’s primary attractions this building is ideal for industrial uses or recreational activities.

Exclusively Listed By

Financing By

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