80 Optical Drive

For Sale

80 Optical Drive, Southbridge, MA 01550

This Southbridge property for sale is located at 80 Optical Drive. The general use of 80 Optical Drive is office and it incorporates 34,150 square feet of class B office space. The current listed sale price for 80 Optical Drive is $4,500,000. 80 Optical Drive is situated on a lot that is 1.96 acre in size.

Contacts

broker

James Keogh

NAI Glickman Kovago & Jacobs

(774) 239-5151

Property Details

  • Property Type Office - General Office
  • Property Size 34,150 SF
  • Units 5
  • Lot Size 1.96 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1918
  • Year Renovated 2004
  • Date Updated Apr 12, 2024
80 Optical Drive is a stabilized mixed-use office/industrial in the heart of the Southbridge Innovation Center, a sprawling campus that spans over one million square feet of hotel, office, manufacturing, and R & D space. A mainstay in the town, The Innovation Center is an updated version of the original park that housed the American Optical Company in the town of Southbridge for 160 years. The 30,000 square foot building is anchored by the Department of Transitional Assistance, a state agency who is tied to the property by a long term lease with options to renew. There is also upside in the deal with a contiguous 6,000 square foot office vacancy that provides excellent flexibility for a number of office, R & D, and life-science uses. The space sits along a window line that provides plenty of natural light via the Northwest Side of the American Optical campus. Conservative pro-forma rent projections for the vacant space give this property a stabilized NOI of 7.72%. Rent roll is available per request.80 Optical Drive is a stabilized mixed-use office/industrial in the heart of the Southbridge Innovation Center, a sprawling campus that spans over one million square feet of hotel, office, manufacturing, and R & D space. A mainstay in the town, The Innovation Center is an updated version of the original park that housed the American Optical Company in the town of Southbridge for 160 years. The 30,000 square foot building is anchored by the Department of Transitional Assistance, a state agency who is tied to the property by a long term lease with options to renew. There is also upside in the deal with a contiguous 6,000 square foot office vacancy that provides excellent flexibility for a number of office, R & D, and life-science uses. The space sits along a window line that provides plenty of natural light via the Northwest Side of the American Optical campus. Conservative pro-forma rent projections for the vacant space give this property a stabilized NOI of 7.72%. Rent roll is available per request.

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Location

  • City Southbridge, MA
  • Neighborhood Southbridge Town
  • Zip Code 01550
  • Market Worcester Springfield

Points of Interest

  • Cumberland Farms

    0.85 miles

  • XtraMart

    3.93 miles

  • Stop and Shop

    3.96 miles

  • Mobil

    3.98 miles

  • Pilot

    4.55 miles

  • Gulf

    4.77 miles

  • Tesla Supercharger

    6.61 miles

  • Gulf

    9.88 miles

  • Cumberland Farms

    9.93 miles

  • Grand Trunk Trail

    2.23 miles

  • McKinstry Brook WMA trailhead

    3.22 miles

  • Robinson Crusoe Shattuck Road Parking

    3.97 miles

  • Car Parking

    4.73 miles

  • Truck Parking

    4.77 miles

  • Breakneck Brook Wildlife Management Area

    4.91 miles

  • Leadmine Mountain/Heins Farm Trail Parking

    5.00 miles

  • Rest Area I-84 (West Bound)

    5.37 miles

  • Truck Parking

    5.59 miles

  • Car Parking

    5.62 miles

  • Scottish Inn Sturbridge

    2.93 miles

  • Hamilton Inn Sturbridge

    3.08 miles

  • Green Acres Motel

    3.13 miles

  • Publick House Historic Inn

    3.89 miles

  • Comfort Inn and Suites Colonial

    3.90 miles

  • Hampton Inn Sturbridge

    4.23 miles

  • Holiday Inn Express

    4.42 miles

  • Super 8 Sturbridge

    4.48 miles

  • Old Sturbridge Inn & Reeder Family Lodges

    4.54 miles

  • Sturbridge Host Hotel & Conference Center

    4.62 miles

  • Big Y

    0.61 miles

  • Sturbridge Plaza

    3.17 miles

  • Marshalls

    4.27 miles

  • Stop & Shop

    4.31 miles

  • Walmart

    4.41 miles

  • Price Chopper

    8.13 miles

  • Market Basket

    9.16 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

James Keogh

NAI Glickman Kovago & Jacobs

(774) 239-5151