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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.
Certificate of Need State
Connecticut is 1 of 11 states that impose Certificate of Need regulations governing dialysis treatment. State approval is required to build, relocate, or expand a dialysis center, creating a meaningful regulatory barrier to new competition.
Certificate of Need State
Connecticut is 1 of 11 states that impose Certificate of Need regulations governing dialysis treatment. State approval is required to build, relocate, or expand a dialysis center, creating a meaningful regulatory barrier to new competition.
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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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