9 Elmwood Court

Office for Sale
Catylist Listing ID: 30321205
Property Subtypes: Office Building
Building Size (RSF): 5,106 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $68.55 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

Two story office building. Real estate only sale. Each floor has 2 restrooms and one shower. Kitchenette on the lower level. Roof and furnace were replaced in 2015. Existing tenant has recently signed a 5-year renewal paying $42,163 annually. The existing shed belongs to the tenant.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,221 (Annual)
Tax Value Land $70,000
Tax Value Improvements $163,740
Assessed Value - Total($) $233,740 (Annual)
Potential Rental Income $42,163 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Taylor Therapy Center
Is Renting? Yes
Employees at Location 20
Current Rent $42,163 PSF (Annual)
Lease Expiration 7/2024
Tenant Notes Landlord pays Real Estate Taxes

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Hartford
Tax ID/APN: 09003094-W3165000
Zoning: I
Property Located Between: Northwest corner of Elmwood Court and North Mountain Road
Property Visibility: Good
Number of Stories: 2
Typical SF / Floor: 2,553 SF
Year Built: 1973
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit, Window Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,976 155,951 341,604
Median Age: 40.23 36.1 37.02
Households: 4,758 59,768 133,981

Contact

Photograph of Listing Agent

Steve Patten

The Proto Group, LLC.
CTCList Member
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