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Free standing, 8,400 Square Foot, single story, metal office building located on Williston Road (US Route 2) in South Burlington, VT. Building is well located with 185 feet of frontage and excellent exposure off Williston Road. The building has one tenant occupying 51% on a NNN basis through 2021 with a 5-year option with multiple base rent increases. Remaining balance of the premises includes one large suite measuring 2,520SF with two additional contiguous two suites measuring 430SF and 715SF respectively. Ideal owner/user situation. On-site parking for 38 vehicles.
Building has been recently upgraded and is in excellent condition. - Parking description: There is one 28 car parking lot, including 2 handicapped spaces in the front of the building and a second 11 car employee parking in the rear of the building. - Area description: High traffic area connecting major retail off I-89 Exit 14 and big-box retail in Williston, VT. The airport is immediately contiguous at the end of Calkins Court. - Class of space: Class B - Tenancy: Multiple Tenants
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The typical asking rate per listing is in the $10's per square foot per year. The South Burlington North region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.
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