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Investment Opportunity - Availability Details

60 Optical Drive , Southbridge, MA 01550

  • For Sale $5,785,000
  • City Southbridge
  • Neighborhood Southbridge Town
  • Zip Code 01550
  • Market Worcester Springfield
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 35,274 Sqft
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1910
  • Date Updated 28 May, 2021
Sitting in the heart of the Southbridge Innovation Center, 60 Optical Drive is a 35,274 square foot, two-story all concrete building built in 1910 as part of the original American Optical Complex and served as the power plant for this massive manufacturing facility. Today, the building serves as the power plant for the Southbridge Innovation Center, a 1.2 million square foot, 14 building multi-tenanted business park located in Southbridge, Massachusetts. The building is currently under a long-term lease to SBC Energy, LLC, a single purpose entity and an affiliated company of the Center's ownership. SBC was formed in 2014 as the developer/operator of the Center's power plant which was converted to a gas-fired co-generation facility in 2018. The 1.1-megawatt plant provides all the utilities to the Center's tenants at market competitive prices. The plant and generating system have been designed to be easily expanded as more buildings are developed and utilized in the park. The building will be sold as a leasehold interest as the property will enter into a long-term 75-year ground lease with the seller in conjunction with the sale of the building.
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Location

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

Contacts

broker

Donald J. Mancini

Kelleher & Sadowsky Associates

(508) 635-6786

Frequently Asked Questions

What year was Investment Opportunity built and finished?

Investment Opportunity was completed in 1910.

Attachments

Contact Listing Broker

broker

Donald J. Mancini

Kelleher & Sadowsky Associates

(508) 635-6786

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