760 Hopmeadow St
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760 Hopmeadow St
14,392 SF 100% Leased Office Building Simsbury, CT 06070 £941,292 (£65/SF) 6.57% Net Initial Yield
Investment Highlights
- Lots of Natural Light
- Historical Building
- Downtown location
Executive Summary
Designed in 1917 for Simsbury Bank & Trust. Example of commercial Colonial Revival architecture of that period. In 1994 it was purchase and completely restored to its original integrity. Captial improvements were made 10 years ago developing into offices. Included in rent are the utilities and wifi for each tenant. The lower level has 4236 finished spaces and is also rented. The building is listed in the National Historic Places.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £130,534 | £9.07 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £130,534 | £9.07 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £68,678 | £4.77 |
Net Operating Income | £61,855 | £4.30 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | £130,534 |
Annual Per SF | £9.07 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £130,534 |
Annual Per SF | £9.07 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £68,678 |
Annual Per SF | £4.77 |
Net Operating Income | |
---|---|
Annual | £61,855 |
Annual Per SF | £4.30 |
Property Facts
Sale Type
Investment
Property Type
Building Size
14,392 SF
Building Class
C
Year Built/Renovated
1918/1993
Price
£941,292
Price Per SF
£65
Net Initial Yield
6.57%
NOI
£61,855
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,196 SF
Slab to Slab
10 ft
Building FAR
0.97
Land Acres
0.34 AC
Zoning
SCZ
Parking
23 Spaces (1.59 Spaces per 1,000 SF Leased)
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Savage
- -
- -
- -
- Full Service Gross
- Mar 2025
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Savage | - | - | - | Full Service Gross | Mar 2025 |
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PROPERTY TAXES
Parcel Number | SIMS-000010G-000205-000003-000004 | Improvements Assessment | £704,149 |
Land Assessment | £85,658 | Total Assessment | £789,807 |
PROPERTY TAXES
Parcel Number
SIMS-000010G-000205-000003-000004
Land Assessment
£85,658
Improvements Assessment
£704,149
Total Assessment
£789,807
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760 Hopmeadow St
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