$2,950,000

Berkshire Health Family Practice Associates

Muroff Hospitality Group is proud to present the exclusive opportunity to purchase a triple-net (NNN), single tenant, leased medical office property located at 20 Elm Street in Pittsfield, Massachusetts (the “Property”). The Property consists of a 12,739 square foot building on a 1.04-acre parcel of land. The Property is fully leased to Berkshire Family Practice Associates, an affiliate of Berkshire Health Systems. The current lease has 3 years of term remaining with one (1), 3-year and five (5), two-year renewal options. The NNN lease calls for annual rent increases throughout the remaining term and option periods based off changes in the CPI-U. Pittsfield is the largest city in Berkshire County; the downtown area offers a vibrant selection of retail shops and entertainment, as well as access to national retailers, public transportation and a Big Y grocery store.

 

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Details

Price : $2,950,000
Property Type : Investment Property
Purpose : Investment
Status : Available
Address : 20 Elm Street, Pittsfield, MA
State : Massachusetts
Zip Code : 01201
City : Pittsfield
Property ID : 224376

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Features

First Class Medical Building in Great Location!
First Class Tenant - Triple Net (NNN) Leased! Zero Responsibilities!
Pittsfield is largest City in the Berkshires
Berkshire Health Systems is Largest Employer in County!
Quality Medical Tenant is Recession Proof!
New Lease with multiple options for long term success!

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Mitch Muroff
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