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11 & 15 Herman Dr 11 Herman Dr 12,083 SF 100% Leased Flex Building Simsbury, CT 06070 $2,180,000 ($180.42/SF) 7% Cap Rate
Investment Highlights
- High-yield industrial investment with immediate cash flow
- Suitable for investors or potential owner-user repositioning
- Opportunity to increase value through targeted upgrades
Executive Summary
11 & 15 Herman Drive Industrial Investment Opportunity
Simsbury
The offering consists of two industrial buildings totaling approximately 25,000 square feet, located at 11 and 15 Herman Drive, being sold together as a single investment opportunity. This is an estate sale, and the property will be conveyed as-is, where-is, subject to probate court approval.
The portfolio generates approximately $150,000 to $165,000 in net operating income based on recent financials, equating to an approximate 7.0% to 7.6% cap rate at the asking price of $2,180,000. The asset provides stable in-place cash flow with functional layouts suitable for a variety of industrial, flex, and warehouse users.
Simsbury
The offering consists of two industrial buildings totaling approximately 25,000 square feet, located at 11 and 15 Herman Drive, being sold together as a single investment opportunity. This is an estate sale, and the property will be conveyed as-is, where-is, subject to probate court approval.
The portfolio generates approximately $150,000 to $165,000 in net operating income based on recent financials, equating to an approximate 7.0% to 7.6% cap rate at the asking price of $2,180,000. The asset provides stable in-place cash flow with functional layouts suitable for a variety of industrial, flex, and warehouse users.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,180,000 | Lot Size | 4.00 AC |
| Price Per SF | $180.42 | Rentable Building Area | 12,083 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 1980 |
| Property Type | Flex | Parking Ratio | 6/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-1 - The property is located within Simsbury’s Industrial (I) Zone, which permits a wide range of light industrial, warehouse, manufacturing, and flex uses | ||
| Price | $2,180,000 |
| Price Per SF | $180.42 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 4.00 AC |
| Rentable Building Area | 12,083 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 6/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-1 - The property is located within Simsbury’s Industrial (I) Zone, which permits a wide range of light industrial, warehouse, manufacturing, and flex uses |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | SIMS-000002I-000439-000006 | Improvements Assessment | $436,590 |
| Land Assessment | $64,400 | Total Assessment | $500,990 |
Property Taxes
Parcel Number
SIMS-000002I-000439-000006
Land Assessment
$64,400
Improvements Assessment
$436,590
Total Assessment
$500,990
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11 & 15 Herman Dr | 11 Herman Dr
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