1173 Queen St - Freestanding FOR SALE


Southington, CT 06489- Southington/Berlin
$1,990,000 USD
203-391-6805
1173 Queen St, Southington, CT for Sale
$1,990,000 USD
Freestanding - FOR SALE
1/26
null | 9.59% Cap Rate

1173 Queen St
Southington, CT 06489
Southington/Berlin


OVERVIEW

The building consists of a 1969 built inline retail center with seven suites and two vacancies. Please call Kenneth Labbe/Pyramid Real Estate Management (PREM) - C860-891-8551 Desk - 203-391-6805 klabbe@pyramidregroup.com - For Lease; For Sale - Rent Guaranty for 1-year Vacant End Cap 1,540 square feet, Rent Guaranty for 1-year Vacant In Review - Sale is discretionary. Offering Price is $1,900,000 leveraged; $1,800,000-$1,850,000 all cash - Proforma Net Operating Income "As If" Fully Leased - $190,795 based on a Budget of $1,990,000 indicates an overall Capitalization Rate of 9.59%. The proforma "As Is" is $94,158. To compensate, the seller is providing a one year lease guaranty while we or you work on the leasing of the vacant suites, which are actively under negotiation.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

9.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

B

APN/PARCEL ID

SOUT-000204-000000-000009

ASK ABOUT THIS PROPERTY

Kenneth LabbePyramid Real Estate GroupMore Info
203-391-6805

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Kenneth LabbePyramid Real Estate GroupMore Info
203-391-6805

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.