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341 West St 14,000 SF 100% Leased Office Building Southington, CT 06489 $3,500,000 ($250/SF) 7.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased - Long-term Tenants
- Excellent Visibility
- R-12 Zoning
EXECUTIVE SUMMARY
Investment Opportunity in Southington, CT **Anchor Tenant - Fresenius Dialysis Center** Welcome to 341 West Street, a prime investment property in Southington, CT. This 14,334± SF 1-story Medical Office Building sits on 2.08± acres and boasts a 100% occupancy rate, offering a stable income stream. With a NOI of $281,233 and a CAP rate of 8%, this property presents an attractive opportunity for savvy investors. Conveniently located with excellent visibility and easy access, this building features a 5/1000 parking ratio and is in a sought-after R-12 zone. The property underwent a complete renovation in 2007 and is well-maintained. Don't miss out on owning a high-performing commercial asset in a prime location. Contact us for more information and to seize this lucrative investment opportunity in Southington.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,000 SF
Building Class
B
Year Built/Renovated
1943/2007
Price
$3,500,000
Price Per SF
$250
Cap Rate
7.35%
NOI
$257,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,000 SF
Building FAR
0.15
Lot Size
2.08 AC
Zoning
R-12
Parking
70 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | SOUT-000098-000000-000186 | Improvements Assessment | $837,480 |
| Land Assessment | $128,530 | Total Assessment | $966,010 |
PROPERTY TAXES
Parcel Number
SOUT-000098-000000-000186
Land Assessment
$128,530
Improvements Assessment
$837,480
Total Assessment
$966,010
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341 West St
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