Blue Chip Investment Opportunity

1150 Hall of Fame Avenue, Springfield, MA

$16,750,000

Price

$949,942

NOI

74,978 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$949,942
Building Size
74,978 sqft
Occupancy
100%
Class
A
Units
3
Lease Type
Triple Net
Year Built
1985
Tenancy
Multiple
Parking Spots
1,400
Investment Strategy
Core
Lease Expire Year
12/31/2033
Description

Tenants include LA Fitness, Pellegrini, Seeley, Ryan & Blakesley, P.C., and Professional Physical Therapy with an NOI of $949,942,000. Site of the original Basketball Hall of Fame. LA Fitness recently signed a 15-year renewal. Marque location with unmatched visibility. The property is situated in Springfield, MA, within the Pioneer Valley, directly across from and sharing parking with the Basketball Hall of Fame. The River's Landing Development spans along the Connecticut River to the West and I-91 to the East. Recognized as"the crossroads of New England," the region is characterized by the intersection of Interstate 91 and I-90 (Massachusetts Turnpike) in West Springfield, connected by I-291 in Springfield. I-91 serves as a major highway running from Florida to the Canadian border, while I-90 links Boston to Albany. The daily traffic count on I-91 near the property is approximately 110,000 cars. www.tcgcompass.com/hof

Documents
Title
HOF_Final_v2.pdf
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Location
Gallery