$821,500
$850,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
6,900 SqFt
SOLD DATE : 06/14/2022
Key Details
Sold Price $821,500
Property Type Commercial
Sub Type Office,Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $119
MLS Listing ID 22105467
Sold Date 06/14/22
HOA Y/N No
Abv Grd Liv Area 6,900
Year Built 1981
Annual Tax Amount $5,512
Tax Year 2021
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Office,Condominium
Source Cape Cod & Islands API
Property Description
Multi-tenant net leased office building (+/- 6,900 s.f.) for sale. This well positioned, free standing condominium (1 of 2) is occupied by 2 long-term tenants (financials available to qualified buyers) and recent exterior and interior upgrades make for virtually hands free ownership. Approx. 1 mile north of the Sagamore Bridge and 2 miles south of Exit 2 (of Route 3, Cedarville, MA), this site allows for easy access to cover all of Barnstable, Plymouth and Bristol Counties, as well as Routes 3, 6, 25, 28, 195 and 495.The 3 story structure is fully occupied, with the top 2 floors of high quality office space accessed from the front and leased to Green Seal Environmental who has occupied this structure since January of 2009. Walk-out lower level is accessed from the rear and is occupied by both GSE Engineering, as well as Bridger Scientific, who has occupied their space since the spring of 2001. Each floor consists of approximately 2,300 square feet, and ample parking exists in the front and rear of the Subject Property, as well as the nearly identical sister property, which share the use and maintenance of the common parking serviced by a common driveway. This structure is heated / cooled by a natural gas HVAC system.
This offering is improved by 25Kw solar system that was installed in February of 2016. The power produced by this system goes to the common meter and is currently to the benefit of the existing tenant GSE. Upon a departure, the new owner will receive this benefit (valued at +/- $5,000 annually). In addition, this system will produce 5 additional years of SREC sales, currently valued at +/- $7,000 annually, which are to the benefit of new ownership upon transfer of title.
This property is being offered at a +/- 8 cap."
Location
State MA
County Barnstable
Zoning B-2
Direction Take exit for Sagamore Beach from the Sagamore Bridge. Left on Route 3A (State Road. Property on right
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Other
Flooring Carpet
Fireplace No
Appliance Gas Water Heater, Water Heater
Exterior
Exterior Feature None
View Y/N No
Roof Type Asphalt
Building
Faces Take exit for Sagamore Beach from the Sagamore Bridge. Left on Route 3A (State Road. Property on right
Story 3
Foundation Poured
Sewer Septic
Water Public
Level or Stories 3
Structure Type Frame,Sheet Rock
Schools
Elementary Schools Bourne
Middle Schools Bourne
High Schools Bourne
School District Bourne
Others
Tax ID 3.0362
Acceptable Financing Other
Listing Terms Other
Special Listing Condition Standard, None
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