1-3 Mill Pond Ln
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1-3 Mill Pond Ln
19,673 SF 100% Leased Office Building Simsbury, CT 06070 £1,033,879 (£53/SF) 8.80% Net Initial Yield
EXECUTIVE SUMMARY
- The property is over 17,312 SF and features 12 commercial units.
- 100% Percent Rented.
- 24-Hour Access: Enjoy the flexibility of accessing your office space at any time.
- Kitchen and Reception Areas: Convenient kitchen facilities and a welcoming reception area enhance the functionality of your workspace.
- Partitioned Offices: Multiple partitioned offices provide privacy and efficient space utilization.
- Central Heating: Maintain a warm and comfortable environment during the colder months.
- Fully Carpeted: The entire office space is carpeted for a polished and quiet atmosphere.
- High Ceilings: The high ceilings create a spacious and open feel.
- Air-Conditioning: Stay cool and comfortable during the summer with efficient air-conditioning systems.
- Brand New Remodeled Spaces: Enjoy the benefits of newly remodeled office spaces with modern amenities and updates.
- Propane Heating and Cooling (converted from oil)
- New Heating Systems
- 13 Year Old Roof
- 50 Parking Spaces Zoning: 1-1 Fully Occupied
- Pre-approved to build to build 30 Units in the back of the Property.
- 12.5 Miles from Bradley International Airport Owner Paid Utilities (Gross Leases)
- 100% Percent Rented.
- 24-Hour Access: Enjoy the flexibility of accessing your office space at any time.
- Kitchen and Reception Areas: Convenient kitchen facilities and a welcoming reception area enhance the functionality of your workspace.
- Partitioned Offices: Multiple partitioned offices provide privacy and efficient space utilization.
- Central Heating: Maintain a warm and comfortable environment during the colder months.
- Fully Carpeted: The entire office space is carpeted for a polished and quiet atmosphere.
- High Ceilings: The high ceilings create a spacious and open feel.
- Air-Conditioning: Stay cool and comfortable during the summer with efficient air-conditioning systems.
- Brand New Remodeled Spaces: Enjoy the benefits of newly remodeled office spaces with modern amenities and updates.
- Propane Heating and Cooling (converted from oil)
- New Heating Systems
- 13 Year Old Roof
- 50 Parking Spaces Zoning: 1-1 Fully Occupied
- Pre-approved to build to build 30 Units in the back of the Property.
- 12.5 Miles from Bradley International Airport Owner Paid Utilities (Gross Leases)
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
19,673 SF
Building Class
B
Year Built
1983
Price
£1,033,879
Price Per SF
£53
Net Initial Yield
8.80%
NOI
£90,981
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
17,312 SF
Slab to Slab
11 ft
Building FAR
0.11
Lot Size
4.00 AC
Zoning
I-1
Parking
29 Spaces (1.47 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Kitchen
- Reception
- Central Heating
- Fully Carpeted
- High Ceilings
- Partitioned Offices
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 30569035 | Improvements Assessment | £259,814 |
| Land Assessment | £188,500 | Total Assessment | £448,314 |
PROPERTY TAXES
Parcel Number
30569035
Land Assessment
£188,500
Improvements Assessment
£259,814
Total Assessment
£448,314
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1-3 Mill Pond Ln
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