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Boston Post Road Mixed Use 1283 Boston Post Rd 7,846 SF 100% Leased Retail Building Westbrook, CT 06498 $1,325,000 ($168.88/SF) 8.11% Cap Rate
Executive Summary
1283 Boston Post Road consists of a 7,375 SF mixed-use building with a second-floor residential unit sited on .16 acres. Constructed in 1925 and has undergone renovations including a new roof in 2023. Unique opportunity to acquire this fully leased, well maintained, multi-tenanted building in an excellent Route 1 location.
High Visibility Location
Substantial Annual Increases
NOI: 107,510
CAP Rate: 8%
Long Term Leases
Building: 7,375 SF
Year Built: 1925
Lot Size: .16 Acres
Zone: CTC
New Roof—2023
High Visibility Location
Substantial Annual Increases
NOI: 107,510
CAP Rate: 8%
Long Term Leases
Building: 7,375 SF
Year Built: 1925
Lot Size: .16 Acres
Zone: CTC
New Roof—2023
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,846 SF
Building Class
C
Year Built
1925
Price
$1,325,000
Price Per SF
$168.88
Cap Rate
8.11%
NOI
$107,510
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.16 AC
Zoning
CTC
Parking
17 Spaces
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Greenbrier Building & Restoration
- Construction
- -
- -
- -
-
- Waste Management and Remediation Services
- -
- -
- -
PuroClean began in 2001 as a property restoration company headquartered in Florida. The company provides emergency services for both residential and commercial properties requiring remediation. Services include water and fire damage restoration, mold removal, and biohazard cleanup. PuroClean operates through a franchise model with numerous locations across North America.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Greenbrier Building & Restoration | Construction | - | - | - | ||
|
|
Waste Management and Remediation Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WBRO-000177-000000-000150 | Improvements Assessment | $108,535 |
| Land Assessment | $141,540 | Total Assessment | $250,075 |
Property Taxes
Parcel Number
WBRO-000177-000000-000150
Land Assessment
$141,540
Improvements Assessment
$108,535
Total Assessment
$250,075
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Boston Post Road Mixed Use | 1283 Boston Post Rd
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