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384 Merrow Rd
Tolland, CT 06084
Office Property For Sale
Investment Highlights
- Great Investment Opportunity with Substantial/Stable NOI.
- Most Leases have Scheduled Annual Rent Increases with Tenants Paying Individual Utilities & Interior Maintenance.
- Vibrant area with major residential development in process. Site Expansion Potential,
- Current Occupancy of 100% with great National Medical Tenant Base and solid long term leases.
- Owned, managed and meticuously maintained by original Builder/Developer. No needed capital improvements - minimum management responsibilities.
- Potential Portfolio Deal with other similar properties owned by same Owner/Developer and strategically located for efficent management.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
27,668 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,834 SF
Building FAR
0.07
Lot Size
9.05 AC
Zoning
TCZ - Neighborhood Commercial Zone
Parking
87 Spaces (2.68 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | TOLL-000029-M000000-000003 | Improvements Assessment | $2,016,700 |
| Land Assessment | $247,800 | Total Assessment | $2,264,500 |
Property Taxes
Parcel Number
TOLL-000029-M000000-000003
Land Assessment
$247,800
Improvements Assessment
$2,016,700
Total Assessment
$2,264,500
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