Offering includes a 5,184 sq. ft. free-standing office building, fully leased on four acres of land in the ‘Golden Triangle’ area of Sandwich.
The building’s footprint measures 4,032 sq. ft. There is also 2,160 sq. ft. of lower level space (half of which is finished), dry with high ceilings, and 1,152 sq. ft. of finished second floor office space with a bathroom. Building is leased to three separate entities. Two of the spaces are professional offices and one is dental offices. 26 parking spaces.
There exists an expired permit to build a mirror-image building on this lot. This building would also have the 4,032 sq. ft. footprint and the second floor and lower level space. Buyer would need to renew those permits. The current septic system was designed to support both buildings.
Current Tenants: Sandwich Dental Associates, Heritage Press & Peter Lemire, CPA. The leases are of varying lengths; between 3 and 7 years. One lease is NNN, the other two are not. All tenants pay their own separately metered heat (central air) and electricity.
Gross Income 2018: $63,836. NOI: $49,376.
Property is located in the area of Canterbury, in the Village of Sandwich, town of Sandwich, County of Barnstable. Close to Forestdale, Mashpee andBarnstable.
Located on the Cape Cod RTA transit line. Tom’s Way leads to the Sandwich Housing Authority center, and also to a connecting road to the adjacent shopping centers. The property is situated in between Rockland Trust Bank and Heritage Park Plaza (home to Heritage Theatres, Spaulding Rehab, Tomatoes Italian Bar & Grill and more). Other businesses within a half mile include Stop & Shop, Dunkin’ Donuts, Lamberts, Cooperative Bank of Cape Cod, Aubuchon Hardware, the U.S. Post Office & more.
Building is just off of Route 132, about two miles from the Mid-Cape Highway, Exit 2.
Annual Average Daily Traffic on Cotuit Road on this stretch of Cotuit Road is between 8,000 and 14,000.; average summer daily is between 11,000 and 18,100 (Cape Cod Commission).