Vermont State Colleges — Sale in Rutland, VT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Rutland, VT 05701

Photos

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Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Institutional Property Advisors is pleased to exclusively present 60 West Street, a 32,241-square-foot, three-story office building in downtown Rutland, Vermont, completed in 2011 as a build-to-suit for the Community College of Vermont and LEED Silver certified. The building is 100 percent leased on a triple-net basis to Vermont State Colleges (Fitch AA+) through July 2034, with 2.6 percent annual increases and three five-year renewal options. CCV is the second largest college in Vermont, serving over 10,000 students annually, and has occupied the building since it opened. Offered at $9,832,000, a 7.50 percent cap rate. Investment Highlights: • Single-Tenant Triple-Net Lease to Vermont State Colleges (Fitch AA+) Through July 2034 With 2.6% Annual Increases • Built to Suit for the Community College of Vermont in 2011, LEED Silver Certified, in Occupancy Since Opening • CCV Is the Second Largest College in Vermont, Serving Over 10,000 Students Annually; Three 5-Year Renewal Options

Market Context

This office in Rutland, VT is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Rutland, VT — view the full market.

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