400 Bayonet St 40,000 SF 93% Leased Office Building New London, CT 06320 $6,104,824 CAD ($152.62 CAD/SF) 7.02% Cap Rate
EXECUTIVE SUMMARY
Available for sale is Bayonet Professional Office space. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
40,000 SF
Building Class
B
Year Built
1987
Price
$6,104,824 CAD
Price Per SF
$152.62 CAD
Cap Rate
7.02%
NOI
$428,253 CAD
Percent Leased
93%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.47
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
95 Spaces (2.38 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Central Heating
- Natural Light
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CT Junior Republic Association
- -
- -
- -
- -
-
Jan 0000
- ServiceMaster Residential Commercial Services LP
- Real Estate
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Waterstone Counseling Centers, LLC
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CT Junior Republic Association | - | - | - | - | Jan 0000 | |
| ServiceMaster Residential Commercial Services LP | Real Estate | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Waterstone Counseling Centers, LLC | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 100
- 1,000 SF
- Office/Medical
- -
- Now
- 2nd Fl-Ste 202/2
- 200 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 1,000 SF | Office/Medical | - | Now |
| 2nd Fl-Ste 202/2 | 200 SF | Office | - | Now |
| 2nd Fl-Ste 203 | 1,430 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 1,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 202/2
| Size |
| 200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 1,430 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | NLON-000051-000311-000008 | Improvements Assessment | $3,197,746 CAD (2024) |
| Land Assessment | $858,093 CAD (2024) | Total Assessment | $4,055,839 CAD (2024) |
