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    114 State Road , B

    Sagamore Beach, MA 02562
    • $900,000
    • STATUS: Active
    • ON SITE: 44 Days
    • MLS #: 22105467
    UPDATED: 74 min ago
    $900,000
    • 0
      BEDS
    • 0.83
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,900
      SQFT
    • $130
      $/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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    © 2021 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 Cape & Islands Realty Advisors. Data last updated: 2021-10-24T22:25:42.533.
    www.capeandislandsrealtyadvisors.com/homes/121263943
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    114 State Road , B Sagamore Beach, MA 02562

    • Price: $900,000
    • Status: Active
    • Updated: 74 min ago
    • MLS #: 22105467
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.83
    Acres
    6,900
    SQFT
    $130
    $/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

    Beach Description None Exterior Features None Foundation Poured Roof Description Asphalt Siding Description Frame Water View No Waterfront No

    Interior Features

    Basement Description Full Cooling Other Floors Carpet Heating Forced Hot Air Hot Water Tank Hot Water Source Natural Gas Walls Sheet Rock

    Property Features

    Annual Taxes 5512.00 Beach Ownership None Business With Real Estate No Commercial Units Yes Condo Yes Flood Insurance Required Not Verified Fuel Type Natural Gas Improvement Assessments 511800.00 Industrial Units No Lead Paint Unknown Lot Size Source Assessor Other Assessments 0.00 Primary Sub Type Office/Professional Residential Units No Sewer Septic Special List Conditions NoneStandard Tax Year 2021 Total Assessment 511800.00 Water Town Water Zoning B-2

    Listing information © 2021 Cape Cod & Islands Multiple Listing Service, Inc.
    Listing provided courtesy of Kevin Pepe of Commercial Realty Advisors, Inc..


    © 2021 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 Cape & Islands Realty Advisors. Data last updated: 2021-10-24T22:25:42.533.
     
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    681 Falmouth Road Suite C22
    Mashpee MA, 02649