Great Investment Oppurtunity, located in downtown Manchester for sale, access includes 10 parking spots. Building fully leased with nearly $50,000 of Income.
Misc
sysid:249706483
Directions to Property:I-384 TO DOWNTOWN MANCHESTER
Listing Info
Property Type:Commercial/Investment
Zip Code:06040
Town:Manchester
Closing Date:2012-10-24T00:00:00
Sale Price:400,000
Contract Date:2012-10-15T00:00:00
ML#:G484478
DOM:1730
Previous Exp Date:2012-09-21T00:00:00
Previous List Price:559,000
Status:Closed/Sold
County:Hartford
Market Area:Manchester (42)
Electric Amperage Available:100
Assessed Value: Total:252100
Assessment Year:2006
Sqft-Available Office:6196
Sqft-Available Building:6196
Bus Service:Yes
Contingency/Exclusion Y:N:No
Dual Variable Comm? Y/N:No
Assessment: Environmental:Yes
Exit Number:3
Frontage-Approximate:100
Gas Type:Public Connected
Gross Annual Exp - Prev Yr:42000
Gross Annual Inc - Prev Yr:10200
Gross Annual Rent - Actual:47550
Lease/Purchase? Y:N:Yes
Minimum Space:4150
Net Operating Income:32000
Number of Units:2
Buildings - # Of:1
Docks - # Of:0
Drive-In Doors - # Of:0
Operating Expenses-Insuranc:2193
Operating Expenses-Tax:9200
Parking Spaces:10
Tax Phase-In Y:N:No
Present Use:office
State Route:384
Stories:2
Sqft-Total Building:8300
Turnpike:384/84
Unused Oil Tank? Y:N:Unknown
Years Remaining on Lease:0
Zone Code:cbd
Zone Code Source:Owner
Business Type:Professional Service
Heat Fuel Type:Natural Gas,Oil
Com Category:Investment
Sale Inc:Buildings
Investment Type:Office,Commercial
Construction Info:Masonry,Brick
Tenant Resp:Building Insurance,Common Area Maintenance,Electric,Heat,Mechanicals,R.E. Taxes,Roof,Rubbish,Structure
Landlord Resp:None
Terms:Triple Net
Property Desc:Great Investment Oppurtunity with nearly $50,000 in annual revenue. Building fully leased. Located in Manchester Downtown Special Services District. Ideal for professional office use, insurance, real estate, architect or engineer. Walk to restaurants and downtown Manchester. Recently replaced roof, new HVAC units, newly renovated.
Lease Price Desc:Per Month
Annual Rent:47550
Trans Type:Both Sale and Lease
Lease Opt Yrs:10
Lse Price:9.0
SP$/Assessed Value:1.586672000000000
Flr#1/SqFt/CeilHt:1-4150-10
Flr#2/SqFt/CeilHt:2-4150-10
Area#:Manchester
SP$/SqFt:48.192771
Construction
Year Built:1920
Lot and Land
Acres:0.1
LP$/SqFt:57.71084299999999
Energy and Mechanical
Cooling System Type:Cool Air
Water Source:Public Water Connected
Sewage System:Public Sewer Connected
Tax and Other Information
Annual Tax:9032
Remarks:Great Investment Oppurtunity, located in downtown Manchester for sale, access includes 10 parking spots. Building fully leased with nearly $50,000 of Income.
Andover, CT Listings
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