219 & 239 West Service Road, Hartford, CT 219-239 W Service Rd 425,294 SF Industrial Building Hartford, CT 06120 $49,687,255 CAD ($116.83 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Below Market Rents
- Credit Tenant & Subtenant - Recession Resistant Business
- Mission Critical Facility
- Central Hartford Location
- High Quality Facility with Huge Tenant Investment
- Well Below Replacement Cost
EXECUTIVE SUMMARY
TWO INVESTMENT POSSIBILITIES
This offering can be purchased in one of two ways, whichever fits the
investor best:
1. “Traditional” single tenant net leased (STNL) income stream (credit tenant)
2. “Zero Cash Flow” (Zero) Investment with assumable financing, and
the paydown readvance feature
This offering can be purchased in one of two ways, whichever fits the
investor best:
1. “Traditional” single tenant net leased (STNL) income stream (credit tenant)
2. “Zero Cash Flow” (Zero) Investment with assumable financing, and
the paydown readvance feature
PROPERTY FACTS
| Price | $49,687,255 CAD |
| Price Per SF | $116.83 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 25.99 AC |
| Rentable Building Area | 425,294 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2009 |
| Tenancy | Single |
| Parking Ratio | 0.37/1,000 SF |
| Clear Ceiling Height | 36’ |
| No. Dock-High Doors/Loading | 16 |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | ID-1 - Industrial |
AMENITIES
- Bus Line
- Fenced Lot
- Signage
- Yard
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
PROPERTY TAXES
| Parcel Number | HTFD-000305-000075-000007 | Improvements Assessment | $12,805,073 CAD |
| Land Assessment | $5,206,774 CAD | Total Assessment | $18,011,847 CAD |
