Investment Opportunity! | |
Price: | $5,625,000 |
Address: | 620 Hinesburg Road |
South Burlington, VT 05403 | |
Use: | |
Type: | Office - For Sale |
Size: | 20,180 SF on 1.44 Acres |
Available: | TBD |
Parking: |
Description:
This is a rare opportunity to purchase a cash flowing, turn-key, class A office building in an A+ location. Located at a four-light intersection at the corner of Kennedy Driveand Hinesburg Road, this is one of the most accessible buildings in Chittenden County. The 3-story building is fully occupied by four credit tenants; NFP (owned by Aon), Business Resource Services,
Northeast Insurance Broker Services, and Northeast Benefits Management, LLC. NFP, the largest tenant recently signed a 5-year lease extension.
In 2014, 620 Hinesburg road underwent extensive renovations, including new windows, interior design, etc. A new fire alarm system was installed in 2019 as well as the cooling tower and sump.
In 2021, additional renovations occurred on the interior ofthe 1st and 2nd floors.