For Sale
$10,500,000

1555 Iyannough RdBarnstable, MA 02601

Prime Cape Cod Office Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-building office portfolio, located at 1555 and 1575 Iyannough Rd in Barnstable, MA 02601, presents a compelling investment opportunity. Built in 2014, the property boasts a total of 26,304 net rentable square feet, spread across two well-maintained buildings. Currently enjoying a 95% occupancy rate with quality tenants, the portfolio offers a strong cash flow with a 6.80% cap rate and an asking price of $10,500,000 ($399.18/sq ft). Individual suites range from 7,434 to 18,870 square feet, making it suitable for a variety of businesses. The property benefits from ample on-site parking, convenient access to Route 132, and proximity to local amenities such as the Hyannis Golf Course and Marylou's Coffee. Its location in the heart of Hyannis provides easy access to the entire Cape Cod area, offering both employees and clients a desirable and convenient location. The modern finishes and well-maintained infrastructure contribute to the property's high appeal and strong tenant retention. This is a rare opportunity to acquire a high-performing, well-located office portfolio in a thriving market. The lease type is NN+. The tenancy is multi-tenant.

Highlights

  • Two-building office portfolio totaling 26,304 net rentable square feet in Barnstable, MA.
  • 95% occupancy with strong cash flow, 6.80% cap rate, and $10,500,000 asking price ($399.18/sq ft).
  • Individual suites range from 7,434 to 18,870 square feet, suitable for various businesses.
  • Ample on-site parking.
  • Walking distance to Hyannis Golf Course and Marylou's Coffee.
  • Well-maintained infrastructure and modern finishes.

Property Details for 1555 Iyannough Rd

Property type
Office properties
Square Feet
7,434 SF
Year Built
2014
Buildings
2

Location Insight

City
Barnstable
County
Barnstable
State
Massachusetts
Latitude
41.678455
Longitude
-70.320693
1555 Iyannough Rd, Barnstable, Massachusetts

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1555 Iyannough Rd
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