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7 Progress Dr 7,760 SF 100% Leased Industrial Building Cromwell, CT 06416 $1,150,000 ($148.20/SF) 8.27% Cap Rate
Investment Highlights
- Single-Tenant Net-Leased Investment - Recently renewed with contractual annual rent increases
- Strategic Central Connecticut Location - Flex-industrial property w/ easy access to I-91 & Rte 9 in the established Cromwell business corridor
- Quality Building with Significant Recent Capital Improvements, including HVAC replacement, new parking lot, drainage improvements, and interior.
Executive Summary
Rare opportunity to acquire a single-tenant net-leased flex industrial investment in one of Central Connecticut's most established business corridors.
The lease was recently renewed, providing stable in-place cash flow with contractual annual rent increases throughout the remaining primary term.
Ownership has invested significantly in the asset, completing many capital improvements in recent years, including HVAC replacement, parking lot reconstruction, drainage improvements, and interior upgrades. The building also features above-average office finish, modern fiber connectivity, and a natural gas backup generator.
Located just minutes from Interstate 91 and Route 9, the property offers excellent regional accessibility within the highly desirable Cromwell industrial market.
Detailed financial information, lease documents, and the complete Offering Memorandum are available to qualified purchasers. Contact Listing Agent for more details.
The lease was recently renewed, providing stable in-place cash flow with contractual annual rent increases throughout the remaining primary term.
Ownership has invested significantly in the asset, completing many capital improvements in recent years, including HVAC replacement, parking lot reconstruction, drainage improvements, and interior upgrades. The building also features above-average office finish, modern fiber connectivity, and a natural gas backup generator.
Located just minutes from Interstate 91 and Route 9, the property offers excellent regional accessibility within the highly desirable Cromwell industrial market.
Detailed financial information, lease documents, and the complete Offering Memorandum are available to qualified purchasers. Contact Listing Agent for more details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | CROM-000003-000002-000010-000004 | Total Assessment | $615,090 |
| Land Assessment | $95,970 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $519,120 | Tax Year | 2025 |
Property Taxes
Parcel Number
CROM-000003-000002-000010-000004
Land Assessment
$95,970
Improvements Assessment
$519,120
Total Assessment
$615,090
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
7 Progress Dr