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Key Bank Building 6 Storrs Rd 15,000 SF 100% Leased Retail Building Mansfield Center, CT 06250 $1,895,000 ($126.33/SF) 6.09% Cap Rate
EXECUTIVE SUMMARY
Located on the corner of Route 195 and Route 6 on Windham/Mansfield line
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$201,600
|
$13.44
|
| Other Income |
$38,250
|
$2.55
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$239,850
|
$15.99
|
| Taxes |
$17,800
|
$1.19
|
| Operating Expenses |
$75,821
|
$5.05
|
| Total Expenses |
$93,621
|
$6.24
|
| Net Operating Income |
$146,229
|
$9.75
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $13.44 |
| Other Income | |
|---|---|
| Annual | $38,250 |
| Annual Per SF | $2.55 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $239,850 |
| Annual Per SF | $15.99 |
| Taxes | |
|---|---|
| Annual | $17,800 |
| Annual Per SF | $1.19 |
| Operating Expenses | |
|---|---|
| Annual | $75,821 |
| Annual Per SF | $5.05 |
| Total Expenses | |
|---|---|
| Annual | $93,621 |
| Annual Per SF | $6.24 |
| Net Operating Income | |
|---|---|
| Annual | $146,229 |
| Annual Per SF | $9.75 |
PROPERTY FACTS
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 5,000 SF
- $24.00
- Triple Net
- Dec 2030
KeyBank is a regional banking institution operating under KeyCorp, headquartered in Cleveland, Ohio. The company was formed in 1994 through the merger of Society Corporation and KeyCorp, though its roots trace back to 1825. KeyBank provides a wide range of financial services, including consumer banking, commercial lending, investment management, mortgage services, and treasury solutions. The bank serves individuals, small businesses, and institutional clients across 15 states, with a significant presence in the Midwest, Northeast, and select western markets. KeyBank is publicly traded on the New York Stock Exchange under the ticker symbol KEY and is a member of the S&P 500. Its Phoenix office focuses on commercial banking and private client services, supporting regional businesses with lending and financial advisory solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 5,000 SF | $24.00 | Triple Net | Dec 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MANS-000038-000108-000001 | Total Assessment | $885,400 (2025) |
| Land Assessment | $126,100 (2025) | Annual Taxes | $17,800 ($1.19/SF) |
| Improvements Assessment | $759,300 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
Key Bank Building | 6 Storrs Rd
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