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30 Country Squire Dr 5,801 SF Office Building Cromwell, CT 06416 $1,500,000 ($258.58/SF) 6.20% Cap Rate
Investment Highlights
- Adjacent to major highways, arterial roads, or their access points, maximizing visibility
- 3 Years Remaining on the Lease with a 2.5% Annually Increase
- Leased Pristine Medical Building
Executive Summary
A pristine, purpose-built medical office building located in the heart of Cromwell with immediate access to Routes 9, 91, 372 and 691. Built in 2009, this forward-thinking, architecturally modern building offers 11,602 square feet across two levels. A thriving, long-term dental practice occupies the entire 5,801 SF main floor, providing stability & peace of mind for the next owner. The lower level (5,801 SF) is currently empty, presenting a rare opportunity for additional rental income, owner occupancy, or future expansion. Designed with patient experience at its core, the building features: A welcoming waiting area with fireplace. Island-style coffee station with refrigeration. All exam rooms positioned along the exterior walls, providing natural light & views. Interior core dedicated to staff and operational efficiency. The current Tenant lease commenced 2023, with annual rent increases, offering built-in income growth. This is an ideal acquisition for an investor or owner-user seeking a low-maintenance, high-quality asset with a strong medical tenant and long-term upside. Offered at $1,500,000, the pricing reflects a rare opportunity to acquire a premier medical building well below replacement cost. Looking for the investor:1031 exchange buyers, Passive investors, Family offices, Medical professionals, Portfolio diversifiers, "This is a buy-right, hold-long asset! The return is not just in today's yield - it's in stability, growth, and upside."
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$138,683
|
$23.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$138,683
|
$23.91
|
| Taxes |
$39,552
|
$6.82
|
| Operating Expenses |
$5,921
|
$1.02
|
| Total Expenses |
$45,473
|
$7.84
|
| Net Operating Income |
$93,210
|
$16.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $138,683 |
| Annual Per SF | $23.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $138,683 |
| Annual Per SF | $23.91 |
| Taxes | |
|---|---|
| Annual | $39,552 |
| Annual Per SF | $6.82 |
| Operating Expenses | |
|---|---|
| Annual | $5,921 |
| Annual Per SF | $1.02 |
| Total Expenses | |
|---|---|
| Annual | $45,473 |
| Annual Per SF | $7.84 |
| Net Operating Income | |
|---|---|
| Annual | $93,210 |
| Annual Per SF | $16.07 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,801 SF
Building Class
B
Year Built
2009
Price
$1,500,000
Price Per SF
$258.58
Cap Rate
6.20%
NOI
$93,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,801 SF
Building FAR
0.13
Lot Size
1.03 AC
Zoning
HB - Highway Business District (HB) is a zoning designation for businesses serving regional markets that require high visibility. Located along major roads
Parking
33 Spaces (5.69 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cromwell Dental
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cromwell Dental | Health Care and Social Assistance | - | - | - |
1 1
Property Taxes
| Parcel Number | CROM-000014-000006-000034 | Total Assessment | $1,284,570 |
| Land Assessment | $309,470 | Annual Taxes | $39,552 ($6.82/SF) |
| Improvements Assessment | $975,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
CROM-000014-000006-000034
Land Assessment
$309,470
Improvements Assessment
$975,100
Total Assessment
$1,284,570
Annual Taxes
$39,552 ($6.82/SF)
Tax Year
2025
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30 Country Squire Dr
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