80 Optical Drive

80 Optical Drive is a stabilized mixed-use office/industrial in the heart of the Southbridge Innovation Center, a sprawling campus that spans over one million square feet of hotel, office, manufacturing, and R & D space. A mainstay in the town, The Innovation Center is an updated version of the original park that housed the American Optical Company in the town of Southbridge for 160 years. The 30,000 square foot building is anchored by the Department of Transitional Assistance, a state agency who is tied to the property by a long term lease with options to renew. There is also upside in the deal with a contiguous 6,000 square foot office vacancy that provides excellent flexibility for a number of office, R & D, and life-science uses. The space sits along a window line that provides plenty of natural light via the Northwest Side of the American Optical campus. Conservative pro-forma rent projections for the vacant space give this property a stabilized NOI of 7.72%. Rent roll is available per request.80 Optical Drive is a stabilized mixed-use office/industrial in the heart of the Southbridge Innovation Center, a sprawling campus that spans over one million square feet of hotel, office, manufacturing, and R & D space. A mainstay in the town, The Innovation Center is an updated version of the original park that housed the American Optical Company in the town of Southbridge for 160 years. The 30,000 square foot building is anchored by the Department of Transitional Assistance, a state agency who is tied to the property by a long term lease with options to renew. There is also upside in the deal with a contiguous 6,000 square foot office vacancy that provides excellent flexibility for a number of office, R & D, and life-science uses. The space sits along a window line that provides plenty of natural light via the Northwest Side of the American Optical campus. Conservative pro-forma rent projections for the vacant space give this property a stabilized NOI of 7.72%. Rent roll is available per request.