701 Kelly Way is an opportunity to acquire a single tenant net leased facility with 6+ years of remaining term to Rexel USA, one of the world's largest electrical distributors. Constructed in 2009, the building consists of 13,069 total square feet on 2.76 acres in the Crossroads Industrial Park. The well appointed office area is approximately 9,069 square feet and features a mix of private offices, cubicle space, a large training room, multiple conference rooms and a break room. Additionally, 4,000 square feet of high bay clean warehouse space accessed by both a loading dock and drive-in door offers incredible flexibility to this unique opportunity. The Crossroads Industrial Park is located at the intersection of Interstate 91 and the Massachusetts Turnpike and has been referred to as the Crossroads of New England offering incredible access to the areas regional highway system.
The property is located near the end of Kelly Way in the Holyoke Industrial Park.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
