244 Granger Rd, Berlin, VT 05641
26,492 SF | 100% Leased | Office Building | Berlin, VT 05641 | $8,759,470 ($331/SF) | 8% Cap Rate
For Sale
Active
Asking Price $8,759,470
- Property Type
-
Office
- Square Feet
- 26,492 SF
- Price / Square Foot
- $331
Listing Contacts
Aaron Huntley
Robert Horvath
Todd Tremblay
Property Overview
Horvath & Tremblay is pleased to present the opportunity to purchase the Central Vermont Medical Center located at 244 Granger Road in Barre, Vermont (the “Property”). The Property is comprised of two freestanding medical buildings, both leased to Central Vermont Medical Center, that contain a total of 26,492 square feet on a well-maintained and well parked 4.0-acre parcel of land. The Central Vermont Medical Center has been at this location (in both buildings) since 2009, and recently exercised their renewal options, demonstrating their commitment to the site and the market. Central Vermont Medical Center has 4+ years remaining on both double net leases with one (1), 5-year renewal option remaining for each. The Property benefits from its central location just off VT Route 62, with close and convenient access to US Route 302 and Interstate 89. The Property is approximately 0.25-miles from the Edward F Knapp State Airport. The Central Vermont Medical Center is strategically positioned in between downtown Montpellier and downtown Barre, both approximately 5-miles away. The Properties also offer convenient access to northern Vermont’s other cities including Burlington and St Johnsbury, as well as Lebanon, NH at the confluence of Interstates 89 and 91.
Property Details
- Class
- B
- Year Built
- 2009
- Stories
- 2
- Property Subtype
- Medical, Freestanding
- Lot Size (sq. ft)
- 174,240 SF
Highlights
- Long Term Lease
- Dynamic Tenant
- Scheduled Rent Increases
- Minimal Landlord Responsibilities
- E-Commerce Resistant Investment
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