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155 Oak St 5,491 SF 100% Leased Office Building Glastonbury, CT 06033 $1,250,000 ($227.65/SF) 10.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 10.15 CAP Rate
EXECUTIVE SUMMARY
Single Tenant Office building for Sale $1,250,000
Price per SF: $227.73
NOI: $126,841.09
Cap Rate: 10.15%
Lease Term:
Rent: $137,270/year ($11,439.58/month)
Lease Type: Triple Net (NNN)
Commencement: October 1, 2018
Expiration: December 31, 2026
Expenses:
Estimated Insurance: $2,500/year
Property Management Fees: $3,143.16/year
Building Repairs: $4,785.75/year
Price per SF: $227.73
NOI: $126,841.09
Cap Rate: 10.15%
Lease Term:
Rent: $137,270/year ($11,439.58/month)
Lease Type: Triple Net (NNN)
Commencement: October 1, 2018
Expiration: December 31, 2026
Expenses:
Estimated Insurance: $2,500/year
Property Management Fees: $3,143.16/year
Building Repairs: $4,785.75/year
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$137,270
|
$25.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$137,270
|
$25.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,429
|
$1.90
|
| Net Operating Income |
$126,841
|
$23.10
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $137,270 |
| Annual Per SF | $25.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $137,270 |
| Annual Per SF | $25.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $10,429 |
| Annual Per SF | $1.90 |
| Net Operating Income | |
|---|---|
| Annual | $126,841 |
| Annual Per SF | $23.10 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,491 SF
Building Class
B
Year Built
1989
Price
$1,250,000
Price Per SF
$227.65
Cap Rate
10.15%
NOI
$126,841
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,878 SF
Building FAR
0.28
Lot Size
0.45 AC
Zoning
Planned Commerce
Parking
26 Spaces (4.34 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Storage Space
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | GLAS-000006E-004880-W000004A | Improvements Assessment | $331,300 (2025) |
| Land Assessment | $177,300 (2025) | Total Assessment | $508,600 (2025) |
PROPERTY TAXES
Parcel Number
GLAS-000006E-004880-W000004A
Land Assessment
$177,300 (2025)
Improvements Assessment
$331,300 (2025)
Total Assessment
$508,600 (2025)
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155 Oak St
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