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Middlesex Square 189-191 Middlesex Ave 20,120 SF 100% Leased Retail Building Chester, CT 06412 $4,695,000 ($233.35/SF) 6.92% Cap Rate
EXECUTIVE SUMMARY
Tenant Mix: Retail/Restaurant/Office/Residential
Long term leases, with significant annual increases and pass-through for operating expenses.
Current NOI $358,000
Ample on-site parking
Highly visible property on State Road
100% Leased
Long Term Tenants
Well Maintained by 19 Year Current Ownership
Lot Size: 3.02 Acres
Built: 1986
Zone: C
Proximity to Route 9
Easy Access to Chester Village and Exit 3 Route 154
Long term leases, with significant annual increases and pass-through for operating expenses.
Current NOI $358,000
Ample on-site parking
Highly visible property on State Road
100% Leased
Long Term Tenants
Well Maintained by 19 Year Current Ownership
Lot Size: 3.02 Acres
Built: 1986
Zone: C
Proximity to Route 9
Easy Access to Chester Village and Exit 3 Route 154
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,120 SF
Building Class
C
Year Built
1986
Price
$4,695,000
Price Per SF
$233.35
Cap Rate
6.92%
NOI
$325,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
1.52 AC
Zoning
COMM
Parking
104 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
233’ on Middlesex Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | CHES-000009-000000-000022 | Improvements Assessment | $1,293,810 |
| Land Assessment | $203,420 | Total Assessment | $1,497,230 |
PROPERTY TAXES
Parcel Number
CHES-000009-000000-000022
Land Assessment
$203,420
Improvements Assessment
$1,293,810
Total Assessment
$1,497,230
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Middlesex Square | 189-191 Middlesex Ave
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