Single Tenant Net Leased Industrial Facility

Investment Overview

107 First Avenue is an approximately 40,000-square-foot industrial manufacturing facility situated on 2.92 acres of industrially zoned land in Chicopee, Massachusetts. Purpose-built for advanced manufacturing, the fully climate-controlled facility features heavy power infrastructure, functional loading, on-site parking, and an efficient combination of production, manufacturing, office, and support areas. Hoppe Technologies has made a substantial capital investment in the facility to support its specialized precision-manufacturing operations, reinforcing the property’s importance to the company. Strategically located within the Greater Springfield industrial market, the property offers convenient access to the Massachusetts Turnpike (I-90), I-91, I-291, and I-391, providing efficient connectivity throughout Western Massachusetts and the Northeast corridor. The property is leased on a long-term, triple-net basis to Hoppe Technologies, Inc., an advanced manufacturing company operating as part of Precinmac. The lease extends through October 31, 2031, and is supported by an absolute and continuing guaranty from Precinmac, LP. The combination of specialized manufacturing infrastructure, strategic highway access, industrial zoning, contractual rent growth, substantial tenant investment, and strong corporate credit support creates an attractive opportunity to acquire a well-located, mission-critical industrial asset.

Investment Highlights

• Net leased to Hoppe Technologies
• 40,000 square foot manufacturing facility
• 100% air conditioned, heavy power
• 2.92 acres of industrial zoned land
• Located at the Crossroads of New England at the intersection of the MA Turnpike and I-291