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114 State Road , B

Sagamore Beach, MA 02562
  • $821,500
  • STATUS: Closed
  • ON SITE: 340 Days
  • MLS #: 22105467
Sold - 06/14/2022
$821,500
SOLD - 06/14/2022
  • 0
    BEDS
  • 0.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,900
    SQFT
  • $119
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1981
County:
Area:

School Ratings & Info

School District:

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."

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Cape Cod & Islands MLS logo © 2022 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rand Atlantic Cape Cod Realty. Data last updated: 2022-08-16T14:25:37.767.
www.randatlantic.com/homes/121263943
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114 State Road , B Sagamore Beach, MA 02562

  • Price: $850,000
  • Status: Closed
  • On Site: 340 Days
  • Updated: 63 min ago
  • MLS #: 22105467
0
Beds
0
Baths
0
½ Baths
0.83
Acres
6,900
SQFT
$119
$/SQFT
1981
Built
Neighborhood:
Bourne
County:
Barnstable
Area:
Bourne
School District:
Bourne
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."
Exterior Features

Construction Materials FrameSheet Rock Exterior Features None Foundation Details Poured Roof Asphalt Water Front No Water View No

Interior Features

Appliances Gas Water HeaterWater Heater Basement No Basement1 Full Cooling True Cooling Features Other Flooring Carpet Heating Yes Heating Features Forced Air

Property Features

Flood Insurance Required Not Verified Flood Zone X Improvement Assessments 511800 Land Assessments 0 Lead Paint Unknown Listing Terms Other Other Assessments 0 Property Type Office Sewer Septic Special List Conditions NoneStandard Tax Annual Amount 5512 Tax Assessed Value 511800 Tax Book Number 23503-350 Tax Year 2021 Water Source Public Zoning B-2

Cape Cod & Islands MLS logo Listing information © 2022 Cape Cod & Islands Multiple Listing Service, Inc.
Listing provided courtesy of Kevin Pepe of Commercial Realty Advisors, Inc..


Cape Cod & Islands MLS logo © 2022 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rand Atlantic Cape Cod Realty. Data last updated: 2022-08-16T14:25:37.767.
 
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Rand Atlantic Cape Cod Realty
229 Old Main Road
North Falmouth MA, 02556