The historic Shipton Building, built in 1888, is a stylish cornerstone in the downtown Pittsfield business and cultural district. The four-story masonry facade on North Street has four storefronts with a total of over 60 commercial tenants. It is a very popular location for a mix of professional offices ranging from lawyers, designers and service organizations. There is consistent high occupancy and plenty of opportunity for rent escalations.
The current owner bought the building in 2018 and has made many structural and cosmetic upgrades. All 131 windows have been replaced with high performance custom historic replicas. Common areas have all been upgraded to LED lighting and flooring is either new new carpet or converted to ceramic tile. A program has been started to replace gas HVAC systems to electric heat pumps with the goal of transferring the utility costs to individual tenant meters. The building is wired for high speed internet and the landlord has separate service that can be split off to smaller offices for additional fee income.
There are two elevators with multiple ADA compliant bathrooms throughout.
It is near two low cost municipal parking lots and has a contract for preferred parking in the adjacent neighbor's private lot.
All fire safety and alarm monitoring are up to date although there is not a sprinkler system. Security cameras and an electronic system for door lock schedules are all in place.
One full time employee is on premises for cleaning, security and tenant services.