±10,600 SF Three Story Office Building in Manchester, CT

Office for Sale
Catylist Listing ID: 30540606
Property Subtypes: Office Building
Building Size (RSF): 10,600 SF
Gross Building Area: See Agent
Sale Price: $635,000
Unit Price: $59.91 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

THE TENANTS: The building is currently occupied by three tenants: Lefurge & Gilbert C.P.A’s, the U.S. Government (Air Force Recruiting Office) and Art Hall & Dan Wright Architects.

THE OPPORTUNITY: Excellent value-add opportunity for an investor or owner-occupant to acquire a well-located suburban office asset in the Greater Hartford east submarket. Leasing flexibility and rental income provides cash flow for potential conversion to medical office, with excellent branding potential on Interstate 84.

Attachments & Media

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Hartford
Tax ID/APN: 15861
Area Description: The property sits on the Manchester/Vernon town, line immediately adjacent Interstate 84 between exits 63 and 64/65, providing excellent access and visibility from the highway. Near a major thoroughfare populated by numerous auto dealerships, retail, restaurants, urgent care/medical office and business services. Neighboring tenants in the immediate area include Motel 6, Big Sky Fitness, Key Hyundai, ECHN, Suburban Subaru and Kohl’s Department Store.
Number of Stories: 3
Year Built: 1987
Roof Type: Gable
Parking Description: Parking 4/1,000
Zoning Description: GB (General Business)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,685 66,922 139,803
Median Age: 44.45 40.78 40.25
Households: 1,066 28,116 58,104

Contact

Photograph of Listing Agent

Nicholas R Morizio

Colliers International CTCList Member
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