Class-A Office Opportunity | 3 Waterside Crossing
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Class-A Office Opportunity 3 Waterside Crossing
122,314 SF Vacant Office Building Online Auction Sale Windsor, CT 06095
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Investment Highlights
- 3 Waterside Crossing offers a signature office asset in an award-winning, master-planned suburban corporate office campus.
- Perfect for large corporation users looking for new headquarters optionality or investors looking to rent space to multiple users.
- Strategically positioned northwest of Hartford, this office is highly accessible via Blue Hills Avenue and Interstate 91.
- Area demographics are strong, with a population on the rise and average household incomes within 5 miles exceeding $121,000.
Executive Summary
CBRE Inc. is pleased to offer for sale 3 Waterside Crossing, a four-story Class A office building totaling 122,314 square feet located within the award-winning Griffin Center office park in Windsor, Connecticut. Situated on a natural pond in a park-like, quiet corporate campus setting, 3 Waterside Crossing enjoys picturesque views and a suburban location that offers amenities, including walking trails, outdoor picnic areas, and a full-service restaurant at La Notte Waterside Grill. The 600-acre master-planned office park is also located close to several new mixed-use developments under construction along Day Hill Road and is positioned to benefit from these developments. Currently designed for single-tenant occupancy, 3 Waterside Crossing is ideal for a large corporate user, offering a signature identity and an excellent branding opportunity, with building amenities including a fitness center, full-service cafeteria, backup generator, and ample on-site parking.
Located in the Town of Windsor, Connecticut, 3 Waterside Crossing is located within Griffin Office Center, the largest master-planned business park in Central Connecticut. The property’s location offers the combination of extraordinary regional accessibility coupled with an extremely attractive suburban corporate office campus environment. The beautifully landscaped park is located only four miles west of Interstate 91 at Exit 38, near the intersection of Day Hill Road and Route 187 (Blue Hills Avenue), providing exceptional local access. Bradley International Airport, the second-busiest airport in New England, is located just 3 miles to the north.
Griffin Center is the preeminent office development along the Day Hill Corridor, a prime location for tenants and companies looking to locate business operations near Hartford and close to Bradley International Airport. This area continues to grow, with several new developments recently completed and under construction. The Preserve at Great Pond is a new 230-unit luxury apartment complex located just off Day Hill Road. Further east is a sports and entertainment complex located on the site of the former MotoTown USA speedway, containing 11 regulation fastpitch softball fields, with an indoor soccer complex and craft brewery also in the works. These and other planned developments will significantly add to the vitality of the region with new residential, retail, hospitality and entertainment offerings, and expand Windsor’s already notable corporate footprint with new high-quality office and industrial facilities.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Located in the Town of Windsor, Connecticut, 3 Waterside Crossing is located within Griffin Office Center, the largest master-planned business park in Central Connecticut. The property’s location offers the combination of extraordinary regional accessibility coupled with an extremely attractive suburban corporate office campus environment. The beautifully landscaped park is located only four miles west of Interstate 91 at Exit 38, near the intersection of Day Hill Road and Route 187 (Blue Hills Avenue), providing exceptional local access. Bradley International Airport, the second-busiest airport in New England, is located just 3 miles to the north.
Griffin Center is the preeminent office development along the Day Hill Corridor, a prime location for tenants and companies looking to locate business operations near Hartford and close to Bradley International Airport. This area continues to grow, with several new developments recently completed and under construction. The Preserve at Great Pond is a new 230-unit luxury apartment complex located just off Day Hill Road. Further east is a sports and entertainment complex located on the site of the former MotoTown USA speedway, containing 11 regulation fastpitch softball fields, with an indoor soccer complex and craft brewery also in the works. These and other planned developments will significantly add to the vitality of the region with new residential, retail, hospitality and entertainment offerings, and expand Windsor’s already notable corporate footprint with new high-quality office and industrial facilities.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Hartford - CT USA
Market Cap Rate
Hartford - CT USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Building Size
122,314 SF
Building Class
B
Year Built
1982
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
30,579 SF
Slab To Slab
12’
Building FAR
0.20
Lot Size
14.17 AC
Zoning
I2-Office - Commercial, office
Parking
500 Spaces (4.09 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fitness Center
- Waterfront
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
- -
Cigna HealthcareSM is a health benefits provider that advocates for better health through every stage of life. As the health benefits provider for The Cigna GroupSM, they guide their customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 26,530 SF | Office | Full Build-Out | 30 Days |
| 2nd Floor | 27,870 SF | Office | Partial Build-Out | 30 Days |
| 3rd Floor | 33,957 SF | Office | Partial Build-Out | 30 Days |
| 4th Floor | 33,957 SF | Office | Partial Build-Out | 30 Days |
1st Floor
| Size |
| 26,530 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 27,870 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 33,957 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
4th Floor
| Size |
| 33,957 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 26,530 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
2nd Floor
| Size | 27,870 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | 30 Days |
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
3rd Floor
| Size | 33,957 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | 30 Days |
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
4th Floor
| Size | 33,957 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | 30 Days |
CBRE, Inc. is pleased to offer for sale or lease 3 Waterside Crossing, a four-story Class A office building totaling ±122,300 SF located within the award-winning Griffin Center office park in Windsor, Connecticut.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
769
12,408
56,854
2020 Population
761
12,340
56,153
2029 Population
768
12,365
56,726
2024-2029 Projected Population Growth
-0.1%
-0.4%
-0.2%
Daytime Employees
5,412
16,235
50,714
Total Businesses
128
901
4,020
Average Household Income
$133,995
$120,668
$121,314
Median Household Income
$153,163
$100,796
$97,450
Total Consumer Spending
$13.1M
$189.8M
$830.8M
Median Age
51.5
48.1
46.5
2024 Households
317
5,176
23,295
Percent College Degree or Above
23%
22%
24%
Average Home Value
$317,986
$310,241
$313,906
zoning
| Zoning Code | I2-Office (Commercial, office) |
| I2-Office (Commercial, office) |
PROPERTY TAXES
| Parcel Number | WIND-000006-000142-000006F | Improvements Assessment | $1,883,350 |
| Land Assessment | $697,830 | Total Assessment | $2,581,180 |
PROPERTY TAXES
Parcel Number
WIND-000006-000142-000006F
Land Assessment
$697,830
Improvements Assessment
$1,883,350
Total Assessment
$2,581,180
About the Seller
Read More
Sale Advisors
Sale Advisors
Anna Kocsondy, Vice President
(860) 987-4749
Contact
Anna joined CBRE/New England in 2003, where she is successful in negotiating on behalf of both national clients, as well as local business owners. She has over 10 years of experience in commercial real estate and offers her clients a structured and effective approach when addressing their real estate needs. Anna is a LEED® Accredited Professional, specializing in commercial interiors, with a focus in assisting clients with creating “green” tenant spaces. During the past five years, Anna participated in team-sales transactions valued at over $467 million.
John McCormick, Executive Vice President
(860) 558-4265
Contact
John McCormick joined CBRE/New England in 1989 and was instrumental in developing a five-person client service team. During his 28-year commercial real estate career, John focused on agency leasing, tenant representation and investment sales. John was elected to the firm’s partnership in 1996 and has served as an elected member to the Partners Advisory Committee. In 2015, John was added to the firm’s Senior Partner Advisory Committee. For multiple years, he has been the Hartford office “Top Producer” and has qualified for the CBRE Recognition Conference among CBRE professionals nationally.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Emily Walper
Contact
Auctioneer License:
Ten-X, Inc. Samantha Corbat RE Brkr REB.0790949
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Class-A Office Opportunity | 3 Waterside Crossing
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