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Mixed-Use

One Financial Place

297 North St, Barnstable, MA 02601

Listing Price: $17,800,000

Cap Rate
6.00%
Gross SF
68,051
Rentable SF
67,871
Price/Gross SF
$261.57
Lot Size
3.28 acres
Year Built
1984

Investment Overview

The subject property known as One Financial Place consists of three buildings totaling 68,051 square feet. The entire property is 3.28 acres including the main parcel of 2.61 acres along with a parking lot across Stevens Street that is 0.67 acres. Occupying 70% of the space within this property, Cape Cod Healthcare is the most notable tenant and has proven their loyalty to the location. In 2007, the tenant signed a lease on one unit within the third building and has since expanded their space to occupy the entire third building and two floors in building two. With over 14 years at this location, Cape Cod Health now occupies over 47,000 square feet and has six years remaining on their lease with 20 years worth of Options. Cape Cod Health has investment grade credit with an S&P Credit Rating of AA-. The other notable tenant in the complex is FedEx, who operates out of the first floor of building one and occupies over 5,000 square feet. FedEx Office has a BBB credit rating, making them investment grade credit. The tenant has been operating at this location for over 23 years and has two years remaining with one five-year option to extend. With the additional parking lot across the street, tenants have ample parking for employees and visitors. There are four means of ingress/egress to access the property making the buildings easily accessible. Located in downtown Hyannis, the property is conveniently situated one mile from the Cape Cod Mall, which consists of over 720,000 square feet of retail. Nearby transportation includes Hy-Line Cruises providing direct services to Nantucket & Martha’s Vineyard (one mile away) along with the Barnstable Municipal Airport, which is less than two miles from the subject property. Downtown Boston is 71 miles north of the property and downtown Providence is 77 miles west.

Investment Highlights

  • Three Buildings | 68,051 SF | 94 Percent Occupied
  • 70 Percent Occupied by Cape Cod Healthcare (AA-Credit Rating)
  • Four Means of Ingress/Egress

Exclusively Listed By

Listing Price: $17,800,000

Cap Rate
6.00%
Gross SF
68,051
Rentable SF
67,871
Price/Gross SF
$261.57
Lot Size
3.28 acres
Year Built
1984

Investment Highlights

  • Three Buildings | 68,051 SF | 94 Percent Occupied
  • 70 Percent Occupied by Cape Cod Healthcare (AA-Credit Rating)
  • Four Means of Ingress/Egress

Investment Overview

The subject property known as One Financial Place consists of three buildings totaling 68,051 square feet. The entire property is 3.28 acres including the main parcel of 2.61 acres along with a parking lot across Stevens Street that is 0.67 acres. Occupying 70% of the space within this property, Cape Cod Healthcare is the most notable tenant and has proven their loyalty to the location. In 2007, the tenant signed a lease on one unit within the third building and has since expanded their space to occupy the entire third building and two floors in building two. With over 14 years at this location, Cape Cod Health now occupies over 47,000 square feet and has six years remaining on their lease with 20 years worth of Options. Cape Cod Health has investment grade credit with an S&P Credit Rating of AA-. The other notable tenant in the complex is FedEx, who operates out of the first floor of building one and occupies over 5,000 square feet. FedEx Office has a BBB credit rating, making them investment grade credit. The tenant has been operating at this location for over 23 years and has two years remaining with one five-year option to extend. With the additional parking lot across the street, tenants have ample parking for employees and visitors. There are four means of ingress/egress to access the property making the buildings easily accessible. Located in downtown Hyannis, the property is conveniently situated one mile from the Cape Cod Mall, which consists of over 720,000 square feet of retail. Nearby transportation includes Hy-Line Cruises providing direct services to Nantucket & Martha’s Vineyard (one mile away) along with the Barnstable Municipal Airport, which is less than two miles from the subject property. Downtown Boston is 71 miles north of the property and downtown Providence is 77 miles west.

Exclusively Listed By

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