$6,352,712 USD
215-531-7026
1 Herald Sq
New Britain, CT 06051
New Britain/Newington/Wethersfield
HIGHLIGHTS
- The property sits on 2.19 acres with a generous parking ratio of 3.94 spaces per 1,000 SF and 103 parking spots
- Situated near Route 9 (64,334 VPD) and Route 72 (56,000 VPD) with direct visibility to the Harry Truman Overpass (19,704 VPD)
- Over 158,000 residents within a 5-mile radius with an average household income of $95,000
- The asset is 96.8% leased across six tenants, displaying stabilized in-place income and minimal rollover risk
- Over 77% of the Rent Roll is healthcare-related (dialysis, primary care, emergency medicine), offering income stability and recession resistance
- Located in the heart of Historic New Britain, a thriving and growing community with numerous development projects proposed and recently completed.
FOR SALE DETAILS
PRICE
$6,352,712 USD
PRICE/SF
$194 USD /SF
CAP RATE
7.51%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
103
LAND DETAILS
LAND ACRES
2.19 AC
LAND SF
95,396 SF
ZONING
CBD
APN/PARCEL ID
NBRI-000008A-000000-C000007
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215-531-7026
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215-531-7026
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