March 27, 2024 – Aaron Huntley of Horvath & Tremblay has successfully completed the sale of Sunfarm Solar in Pittsfield, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $750,000.
Sunfarm Solar is located at 1282-1288 Churchill Street in Pittsfield, Massachusetts. The Property consists of 32.86-acres of land and is leased to Sunfarm Solar who have 19+ years remaining on their Absolute NNN lease with two (2), 5-year renewal options. The lease features attractive 3.75% rent increases every 5-years throughout the initial term and at the start of each of the renewal options. Sunfarm Solar is one of the longest-operating solar energy companies and continues to be a growing presence in the rapidly expanding energy market. Sunfarm Solar has installed nearly 500 solar systems in the commercial, residential, non-profit, education and agricultural markets. It owns and operates systems in New Jersey, Massachusetts, Rhode Island, New York, Connecticut, and Puerto Rico. The Property is located along Churchill Street in a rural neighborhood in the western portion of Pittsfield at the foot of the Pittsfield State Forest and in between Pontoosuc Lake and Lake Onata. The Property is approximately 4-miles from Downtown Pittsfield and the intersection of US Routes 7 and 20 and MA Route 9, the area’s primary commercial and commuter corridors. Pittsfield is the commercial, financial, and medical hub of the Berkshires.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.