| PRICE : | $8,275,000 |
|---|---|
| CAP RATE: | 9% |
| PROPERTY TYPE: | Office |
| SITE SIZE: | 0.71 Acres |
| BUILDING SIZE: | 85,783 SF |
| YEAR BUILT: | 1971 |
Highlights
- • Top three floors, approximately 75% of building are sticky government tenants
- • These state government tenants are rated high credit by Moody’s
- • Ground floor tenants a mix of medical and synergistic retail
- • Priced below replacement costs at $96.46 per SF
- • Full-service leases with some pass throughs
- • Broker of Record: Brian Brockman (Bang Realty – New England, Inc) | CT License # REB.0792373
Description
Opportunity to acquire an 9% cap rate mostly government leased office building. The four-story buildings top 3 floors encompassing approximately 75% of the building are leased by high credit state government tenants. The location of the building one block from a major transit hub is perfect for the essential services provided by the tenants.
