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INVESTMENT HIGHLIGHTS
Demand Out-Weighs Supply Across Asset Classes Vacancy rates in Easthampton are well below the national and regional averages in their respective asset classes.
Strong Residential and Commercial Rent Growth
Rents for Industrial, Office, Retail, and Multifamily have risen 35%, 12%, 10%, and 23% on a per square foot basis over the last 5 years, respectively.
Versatile MI Zoning
Mill 180’s MI zone provides ownership with space use flexibility which allows its tenants to use the property for office, residential, retail, hospitality, and light industrial.
Ideal Mixed-Use Live / Work Asset
The building is comprised of 24 residential units (approx.35k SF) and 20 commercial units (approx. 80k SF), creating the optimal atmosphere for a live/work community.
Consistently 95% Occupied with Long-Term Tenants Current commercial and residential tenants leased for an average term of 7 years and 5 years, respectively.
Opportunity Zone Benefits Located within an Opportunity Zone which offers tax incentives and benefits for qualified investors.
Diverse Tenant Mix Commercial tenants range from a high-tech Aerospace company to a jewelry company, to professional services like Edward Jones, environmental consultants, and others.
High Yield Investment High cash on cash return with built-in 3% annual escalations.
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