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231 Farmington Ave 47,151 SF 96% Leased Office Building Farmington, CT 06032 $7,699,900 ($163.30/SF) 7.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly Desirable Farmington Location
- Proximity to I-84 and Route 9 and UConn Medical Center
- Completely Modernized
- Has Traffic Signal Light Along Farmington Ave
EXECUTIVE SUMMARY
231 Farmington Avenue is a prominent multi-tenant office and medical building in Farmington, Connecticut. Strategically located adjacent to the University of Connecticut Medical Center with immediate access to Interstate 84, Route 9, and the West Hartford Center making convenient for tenants and visitors. Offering a total GLA of 47,151 SF, the building is currently configured with 24 suites ranging in sizes from 845 SF-11,000 SF depending on tenant needs. The building is well-suited for Medical, Legal, Accounting, and other professional services. This property offers a reliable and stable investment with strong potential for future growth. Please reach out with detail
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
47,151 SF
Building Class
A
Year Built
1974
Price
$7,699,900
Price Per SF
$163.30
Cap Rate
7.14%
NOI
$549,773
Percent Leased
96%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
15,717 SF
Slab To Slab
11’
Building FAR
0.26
Lot Size
4.09 AC
Zoning
PR - Commercial zoning.
Parking
243 Spaces (5.15 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Office space available. Corner suite with large windows and tons of natural light.
Small suite - move-in ready4 Private Offices plus a kitchen. Corner suite with lots of windows and natural light.
5789 SF suite available on the 3rd floor
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,130 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 1,202 SF | Office | Full Build-Out | Now |
| 3rd Floor | 5,789 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,130 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,202 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 5,789 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 2,130 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Office space available. Corner suite with large windows and tons of natural light.
2nd Floor
| Size | 1,202 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Small suite - move-in ready4 Private Offices plus a kitchen. Corner suite with lots of windows and natural light.
3rd Floor
| Size | 5,789 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
5789 SF suite available on the 3rd floor
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PROPERTY TAXES
| Parcel Number | FARM-000067-000000-000010B | Improvements Assessment | $2,995,930 |
| Land Assessment | $784,700 | Total Assessment | $3,780,630 |
PROPERTY TAXES
Parcel Number
FARM-000067-000000-000010B
Land Assessment
$784,700
Improvements Assessment
$2,995,930
Total Assessment
$3,780,630
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231 Farmington Ave
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