219 & 239 West Service Road, Hartford, CT | 219-239 W Service Rd
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219 & 239 West Service Road, Hartford, CT 219-239 W Service Rd
425,294 SF Industrial Building Hartford, CT 06120 $35,790,000 ($84/SF) 6.50% Cap Rate
Investment Highlights
- Below Market Rents
- Credit Tenant & Subtenant - Recession Resistant Business
- Mission Critical Facility
- Central Hartford Location
- High Quality Facility with Huge Tenant Investment
- Well Below Replacement Cost
Executive Summary
TWO INVESTMENT POSSIBILITIES
This offering can be purchased in one of two ways, whichever fits the
investor best:
1. “Traditional” single tenant net leased (STNL) income stream (credit tenant)
2. “Zero Cash Flow” (Zero) Investment with assumable financing, and
the paydown readvance feature
This offering can be purchased in one of two ways, whichever fits the
investor best:
1. “Traditional” single tenant net leased (STNL) income stream (credit tenant)
2. “Zero Cash Flow” (Zero) Investment with assumable financing, and
the paydown readvance feature
Property Facts
| Price | $35,790,000 | Rentable Building Area | 425,294 SF |
| Price Per SF | $84 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1967/2009 |
| Cap Rate | 6.50% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.37/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 36 FT |
| Building Class | B | No. Dock-High Doors/Loading | 16 |
| Lot Size | 25.99 AC | No. Drive In / Grade-Level Doors | 8 |
| Price | $35,790,000 |
| Price Per SF | $84 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 25.99 AC |
| Rentable Building Area | 425,294 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2009 |
| Tenancy | Single |
| Parking Ratio | 0.37/1,000 SF |
| Clear Ceiling Height | 36 FT |
| No. Dock-High Doors/Loading | 16 |
| No. Drive In / Grade-Level Doors | 8 |
Amenities
- Bus Line
- Fenced Lot
- Signage
- Yard
Utilities
- Gas - Natural
- Water - City
- Sewer - City
PROPERTY TAXES
| Parcel Number | HTFD-000305-000075-000007 | Improvements Assessment | $8,950,340 |
| Land Assessment | $3,639,370 | Total Assessment | $12,589,710 |
PROPERTY TAXES
Parcel Number
HTFD-000305-000075-000007
Land Assessment
$3,639,370
Improvements Assessment
$8,950,340
Total Assessment
$12,589,710
zoning
| Zoning Code | ID-1 (Industrial) |
| ID-1 (Industrial) |
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Peter Nixon -
Kris Riley -
Newcastle Properties Group
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219 & 239 West Service Road, Hartford, CT | 219-239 W Service Rd
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