699 East Middle Tpke - Office/Residential FOR SALE
Manchester, CT 06040 |
699 East Middle Tpke
Manchester, CT 06040
HIGHLIGHTS
- State of CT - Long Term Tenant of +/- 25 years with new seven (7) year lease occupies 72% of Building
- Opportunity to achieve +/- 11.5% Cap Rate on lease up of currently vacant spaace. Priced based on Current Income Only.
- Potential to purchase adjacnet +/- 3.5 Acre development site at combined price of $2,975,000.
- Ideal 1031 Opportunity
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
State of Connecticut Lease
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
TOTAL BUILDING SIZE
25112
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
400
LAND DETAILS
LAND ACRES
3.22 AC AC
LAND SF
140,263 SF
ZONING
-
APN/PARCEL ID
MANC-000122-003950-000699
