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Grand Street Professional Building 36-38 Grand St 3,888 SF 100% Leased Office Building Hartford, CT 06106 $539,000 ($138.63/SF) 9.56% Cap Rate



Executive Summary
Fully leased medical office investment with 4-years remaining on lease. Historically long-term commitment to the location. On-site parking lot. Tenant paid utilities.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,888 SF
Building Class
B
Year Built
1935
Price
$539,000
Price Per SF
$138.63
Cap Rate
9.56%
NOI
$51,534
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,296 SF
Slab To Slab
9’
Building FAR
0.50
Lot Size
0.18 AC
Zoning
R-2
Parking
8 Spaces (1.78 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000225-000433-000027 | Improvements Assessment | $109,970 |
| Land Assessment | $23,660 | Total Assessment | $133,630 |
Property Taxes
Parcel Number
HTFD-000225-000433-000027
Land Assessment
$23,660
Improvements Assessment
$109,970
Total Assessment
$133,630
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Grand Street Professional Building | 36-38 Grand St
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