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550 Broad St

90,726 SF 100% Leased Industrial Building Bristol, CT 06010 £2,347,350 (£26/SF) 8.74% Net Initial Yield

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Investment Highlights

90,726 SF Industrial facility on 8.6 acres in Bristol, CT near Route 229 and I-84.
Zoning allows for the addition of another 100,000 SF building on the property.
Masonry construction with 50 parking spaces available.

Potential for significant rent increases, can be delivered with or without leases.
Features 3-phase power, dry sprinklers, oil heat, and city water/ sewer.
Easy access to major transportation routes, enhancing the appeal for industrial tenants.

Executive Summary

550 Broad Street is a 90,726 square foot multi-tenant industrial building in Bristol, CT with convenient access to Route 229 and I-84. Placed on 8.6 acres, the property offers potential for significant increases in rent, and also includes an option to be sold with or without leases. The structures are made of brick, include 3-phase power, dry sprinklers, oil heat, and utilities provided by Eversource. The property includes 50 parking spaces and zoning permits the addition of another 100,000 SF building, making this a fantastic opportunity for investors.

550 BROAD ST ALTA 7-15-2021 (2)

Property Facts

Price	£2,347,350	Lot Size	8.30 AC
Price Per SF	£26	Rentable Building Area	90,726 SF
Sale Type	Investment	Number of Floors	1
Net Initial Yield	8.74%	Year Built/Renovated	1890/2019
Property Type	Industrial	Parking Ratio	0.55/1,000 SF
Property Subtype	Manufacturing Industrial Distribution	Clear Ceiling Height	17 ft
Building Class	B	Level Access Doors	7

Price	£2,347,350
Price Per SF	£26
Sale Type	Investment
Net Initial Yield	8.74%
Property Type	Industrial
Property Subtype	Manufacturing Industrial Distribution
Building Class	B
Lot Size	8.30 AC
Rentable Building Area	90,726 SF
Number of Floors	1
Year Built/Renovated	1890/2019
Parking Ratio	0.55/1,000 SF
Clear Ceiling Height	17 ft
Level Access Doors	7

Amenities

Fenced Lot

Security System

Signage

Lighting
Water - City
Sewer - City
Heating - Oil (Fired)

1 of 1

aerial
map

550 Broad St, Bristol, CT - aerial map view - Image1

550 Broad St, Bristol, CT - aerial map view - Image2

550 Broad St, Bristol, CT - aerial map view - Image3

550 Broad St, Bristol, CT - aerial map view - Image4

550 Broad St, Bristol, CT - aerial map view - Image5

550 Broad St, Bristol, CT - aerial map view - Image6

PROPERTY TAXES

Parcel Number	BRIS-000039-000000-000073	Improvements Assessment	£189,564
Land Assessment	£324,247	Total Assessment	£513,811

PROPERTY TAXES

Parcel Number

BRIS-000039-000000-000073

Land Assessment

£324,247

Improvements Assessment

£189,564

Total Assessment

£513,811

zoning

Zoning Code	Industrial (According to the zoning regulations, it is possible to construct an additional 100,000 square foot building.)
Industrial (According to the zoning regulations, it is possible to construct an additional 100,000 square foot building.)