For Sale Details
$1,580,000
$128.85 / SF
$128.85 / SF
- Property Type Office / Medical
- Sale Type Investment
- Status Active
- Created 06/23/22
- Updated 02/07/23
About 506 Cromwell Avenue, Rocky Hill, CT 06067
O,R&L Commercial is pleased to present for Sale 12,262± SF Medical Office Building at 506 Cromwell Avenue in Rocky Hill, CT. This investment opportunity is 100% leased with 7 tenants, 4 of the tenants are owners and will do a 3 year Sale / Leaseback, and a projected 2023 NOI of $118,500. The building is 2 floors both at grade. The property is situated on 0.91 acres in the C zone, featuring a parking ratio of 4/1000, Pylon & directory signage, and a high traffic count of 17,400 SF.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 12,262
- Year Built: 1989
- Sprinkler: Yes
- Number of Stories: 2
- Number of Buildings: 1
- Building Class: B
Land Details
- Acreage: 0.91
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
Financial Characteristics
- Net Operating Income: $118,500
- Cap Rate: 7.5%
The Office / Medical property at 506 Cromwell Avenue, Rocky Hill, CT 06067 is currently available for sale. Contact Thomas Wilks from O,R&L Commercial, LLC for more information.
