Springfield Armory Redevelopment: (Historic Tax Credit & Opportunity Zone)

Call for Offers

00
Days
00
Hours
00
Minutes
00
Seconds

Call for Offers

00
Days
00
Hours
00
Minutes
00
Seconds

*Lead broker information is located within the offering memorandum. 

Listed By: SkyView Advisors, LLC. MA RE Lic # 424450-RE-LC

Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

~$2M Historic Tax Credits Offset Redevelopment Basis, Enhancing Returns and Reducing Required Upfront Equity.

 

Located Within a Federally Designated Opportunity Zone Providing Potential Capital Gains Tax Deferral and Long-Term Tax Advantages

 

Undersupplied Market With Approximately 6.5 SF Per Capita.

 

High-Density Area With Approximately 238,960 People Within a 5-Mile Radius and No Competing Storage Properties Within 1 Mile.

 

Fully Completed Architectural Plans Enabling Immediate Permitting and Accelerated Construction Timeline.

 

$16K+ of Monthly In-Place Income Reducing Carry Costs During Final Predevelopment Phase.

 

$2.6M Public Investment in Adjacent Dam Infrastructure Signals Strong Municipal Support

Address

1 Allen St, Springfield, MA, 01108

Price

$3,500,000

Pro Forma NOI

$1,431,187

Net Rentable Square Feet
145,000 NRSF
Unit Count
1,450
Lot Size

4.61 Acres

Year Built
2027
Asset

Self Storage

Status

Active

Coordinates of this location not found

Engage With Us

100% of our firm’s time, effort, and energy are devoted to you and your goals as a seller. We guarantee that we will generate the highest price and best terms for your property that the market will bear at that moment in time.

Share This Property

Use the buttons below to share this property.

Interested in this Property?