The Staples Center | 82-86 Storrs Rd
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The Staples Center 82-86 Storrs Rd
51,492 SF 100% Leased Retail Building Mansfield Center, CT 06250 $6,400,000 ($124/SF)
Investment Highlights
- • Strategically located across from East brook Mall at the junction of Roye 6 and Hwy 195.
- • Staples Center is 100% leased.
- • Excellent visibility with 838 ft frontage on Hwy 195.
- • The University of Connecticut is 5.7 miles away on Hwy 195.
- • Parcel at 10.28 acres has a prepared 2.92-acre pad for expansion.
Executive Summary
US Properties Real Estate Services is pleased to offer the Staples Center at 82-86 Storrs Rd. Mansfield Ct for sale. This fully leased shopping center with Petco, Staples, The Hoot and Farmer’s Cow Creamery has great visibility with 838 FT frontage on Hwy 195 opposite the East Brook Mall. The average tenancy for the 4 stores is over 15 years. Other retailers in the immediate market include Kohls, Old Navy, TJ Maxx, Michaels and Big Y World Market. The shopping center, strategically located at the junction of Route 6 and Highway 195 has additional upside to expand with a prepared pad of 2.92 acres. The University of Connecticut is 5.7 miles away on Hwy 195. This legacy asset has never traded ownership since it was developed 60 years ago.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
51,492 SF
Building Class
B
Year Built
1965
Price
$6,400,000
Price Per SF
$124
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
10.28 AC
Zoning
PB1
Parking
246 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
838 FT on Storrs Rd
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | MANS-000038-000109-000039 | Improvements Assessment | $2,726,600 |
| Land Assessment | $314,100 | Total Assessment | $3,040,700 |
PROPERTY TAXES
Parcel Number
MANS-000038-000109-000039
Land Assessment
$314,100
Improvements Assessment
$2,726,600
Total Assessment
$3,040,700
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The Staples Center | 82-86 Storrs Rd
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