$500,000
$799,900
37.5%For more information regarding the value of a property, please contact us for a free consultation.
13,764 SqFt
SOLD DATE : 05/03/2021
Key Details
Sold Price $500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 13,764 sqft
Price per Sqft $36
MLS Listing ID 170329966
Sold Date 05/03/21
Year Built 1962
Annual Tax Amount $16,669
Lot Size 0.790 Acres
Property Description
This rare investment opportunity produces a great return with NNN lease in place and an annual cash flow of $84,834. CLEAN ENVIRONMENTAL! Phase 1 passed! The building offers over 11,000sqft of warehouse with 14.5ft ceiling height and an additional 2,000sqft of office space in the front of the building. The exterior was painted in August 2020 and a new AC unit installed in office space in 2019. There are 2 loading docks in the front, a large 12x20 drive in bay on the side and an additional drive-in door in the rear. The building is equipped with 3 Phase electrical, 400amp, 240volt. Long term strong tenant has 4.5 years remaining on current lease with a 3% rent increase by end of lease term. CAP RATE 10.6%!!
Location
State CT
County Hartford
Zoning I
Interior
Interior Features Employee Lounge, Loading - Dock Height
Heating Hot Air
Cooling Central Air
Exterior
Exterior Feature Door Sign, Doors - 10-15 ft, Lighting, Loading Dock/Grade
Garage Paved, Off Street Parking, Parking Lot
Utilities Available Electric, Gas
Roof Type Rubber
Building
Lot Description Level Lot
Story 1
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Non Member • SmartMLS, Inc.
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Broker | REB.0791464