87 Avocado Street

Investment Overview

NAI Parsons Commercial Group is pleased to offer for sale 87 Avocado Street in Springfield, Massachusetts, a 100% leased 69,509 SF warehouse/distribution asset with 6.2 years of weighted-average lease term at below-market rents. The Property represents a rare opportunity to acquire a fully stabilized, income-producing industrial asset in one of the strongest-performing secondary industrial markets in the Northeast. The building features functional, in-demand specifications including 20' clear heights, 600 Amps of power, and 29 tailboard loading docks — a configuration well-suited to modern warehouse, distribution, and light logistics users. 87 Avocado Street is located within the Hampden County industrial submarket, part of the broader Springfield industrial market, which reported just 6.1% vacancy as of Q3 2026 and market asking rent growth of 3.7% year-over-year — nearly triple the 1.3% national average. New supply remains highly constrained, with only 15,000 SF currently under construction against a 52.3-million-SF inventory base, limiting future competition for well-located product. Strategically positioned near Interstate 91 and Interstate 90/291, with direct access to CSX intermodal rail service, the Property benefits from Springfield's role as the primary logistics and distribution hub of Western Massachusetts. With in-place rents below current market levels and minimal new competitive supply, 87 Avocado Street offers investors a compelling blend of stable cash flow and meaningful upside at lease rollover.

Investment Highlights

• 100% leased, 6 Years of WALT
• Stabilized 69,509 SF Industrial Investment Opportunity
• 20' Clear Heights
• 600 Amps of Power
• 29 Tailboard Loading Docks
• Supply-Constrained Springfield Industrial Market
• Strategic Logistics Location Off I-91 and I-291