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135 Burnside Ave 18,502 SF 100% Leased Office Building East Hartford, CT 06108 $989,000 ($53.45/SF) 12.24% Cap Rate
Investment Highlights
- This well-maintained 18,000 square foot building is fully occupied and generating a Net Operating Income of $121,000 annually.
- Excellent visibility and convenient East Hartford location. This is a strong investment opportunity with steady income and flexible ownership options.
- Possible seller financing available with an 8.6% cap rate and 9.5% cash-on-cash return.
Executive Summary
Prime office property located on Burnside Avenue in East Hartford. This well-maintained 18,000 square foot building is fully occupied and generating a Net Operating Income of $121,000 annually. Parking for approximately 90 vehicles. Excellent visibility and convenient East Hartford location. Space could be made available for an owner/occupant This is a strong investment opportunity with steady income and flexible ownership options. Offers encouraged.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$121,000
|
$6.54
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $121,000 |
| Annual Per SF | $6.54 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
18,502 SF
Building Class
C
Year Built
1971
Price
$989,000
Price Per SF
$53.45
Cap Rate
12.24%
NOI
$121,025
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,251 SF
Building FAR
0.58
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
B-2 - Medium Business Use
Parking
90 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | EHAR-000025-000000-000314 | Improvements Assessment | $255,850 |
| Land Assessment | $70,180 | Total Assessment | $326,030 |
Property Taxes
Parcel Number
EHAR-000025-000000-000314
Land Assessment
$70,180
Improvements Assessment
$255,850
Total Assessment
$326,030
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135 Burnside Ave
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