Investment

 

Mixed Use Investment: New Britain, CT – 10.4% Cap, $450,000

· Investment, Retail

$450,000

10.4% Cap Rate

5-39 Arch Street, New Britain, CT

Amodio & Co is pleased to present 5-39 Arch Street, New Britain, Connecticut. The property wraps the corner of Arch and Walnut Streets, at the main city center intersection (5-way), boasting an iconic presence in downtown. There are 6 (six) existing retail tenants, with ability to add-value by increasing rents through capital improvements (storefront renovations, signage, etc). Leases are short-term, however, many tenants have been in place many years. Additionally, the second floor is poised for further income potential, either through rental of the existing eclectic/vintage offices or re-development into city-center residential apartments. There is ample on-street parking, as well as long-term options in a municipal parking garage just one block away; connected to the Police station. The HVAC in all retail units has been updated, as well as electric updates. Separately metered tenant paid utilities.

 

Office Investment: Plainville, CT 7.5% Cap, $1.325M

· Investment, Office

$1,325,000

7.5% Cap Rate

146 New Britain Avenue, Plainville, CT

Amodio & Co. Real Estate is pleased to offer for your consideration 146 New Britain Avenue, a fully leased multi tenant office investment located in Plainville, Connecticut. Built in 1985 by the current owner, the property is being offered for the first time since construction!

This offering is ideal for a true hands-off or out of state investor. The property has been meticulously maintained since it was built with zero deferred maintenance. The property has also enjoyed very little turnover in tenancy due to quality ownership and management, as well as the geographic proximity to major highways, shopping, restaurants, gas stations and more! The anchor tenant, PSA Healthcare, occupies the entire first floor (5,000 SF) and has recently renewed for an additional five year term. As part of their renewal, the space was refreshed with new carpeting and paint. The remaining tenants have a very high likelihood of renewal as they have expressed interest in remaining at the property. The owner will remain on-site in the rear shop (outbuilding) following the sale, providing on-going assistance to tenants and oversight of the property.

All leases are modified gross. Tenants are billed their pro-rata share of all utilities (water, sewer, gas, electric) on a monthly basis as the bills are received.

146 New Britain Avenue, Plainville is located in the center of Connecticut, with direct access to all major highways including Interstates 84 & 91, and Routes 72 & 91.

29 UNIT INVESTMENT: New Britain, CT 9.3% CAP, $1.3M

$1,300,000

240 Main Street, New Britain, CT

Offering Package

Amodio & Co. Real Estate is pleased to offer “Central Park Place Condominiums” a fully leased 29-unit condo complex located in New Britain, Connecticut. Located at 240 Main Street, the property was built in 1880 and was extensively renovated and converted to condos in the 1980’s. The entire property is comprised of 35 residential condo units and 3 retail condo units. This sale includes 28 residential condo units and 1 retail condo unit. The unit mix is made up of (24) one bedroom and (4) studio units. The property has been improved with many unit interior upgrades, a new fire alarm system, as well as common area upgrades including an IP camera system.

Central Park Place Condominiums are located within the South End neighborhood of Hartford within a half mile to the Wethersfield town line and in close proximity to Interstate 84, RT-72 and RT-9.

11 UNIT INVESTMENT: Hartford, CT 11.11% Cap Rate, South End

$525,000

1880 Broad Street, Hartford, CT

Amodio & Co. Real Estate is pleased to offer 1880 Broad Street, a fully leased 11-unit apartment building located in Hartford, Connecticut’s South End neighborhood. 1880 Broad Street was built in 1923 and was extensively renovated in the late 1990s. At that time the property contained 18 units. As part of the renovations the property was downsized to its current 11 unit configuration.

1880 Broad Street features extremely large apartments with high rental income. The large unit size and high rent rates along with strong occupancy makes for a turnkey investment opportunity. The unit mix is made up of (3) one bedroom, (1) two bedroom, (2) three bedroom and (5) four bedroom apartment units. The property has been improved with many unit interior upgrades, a new HB Smith gas boiler, new replacement windows and a new roof.

1880 Broad Street is located within the South End neighborhood of Hartford within a half mile to the Wethersfield town line and in close proximity to the Silas Deane Highway, Route 15 and Interstate 91. This mixed use area, between New Britain Avenue and Maple Avenue, makes for a convenient and central location.

INDUSTRIAL FOR SALE: Hartford, CT – Showroom warehouse “The Toy Store”

· Industrial, Investment, Sale Listings

$790,000

19 Thomas St., East Hartford, CT 06108

Desirable “The Toy Store” building. Just off Connecticut Boulevard’s auto dealer district. 1/3 showroom/office, 2/3 drive-in 18 ft high bay construction. Fully leased. Divisible as 2-3 tenants. Two high drive-in truck doors plus drive into showroom.

Utilities

  • Electricity/Power
  • Sprinklers

Highlights

  • Signature building
  • Fully Sprinklered
  • 25 parking spaces
  • Zoned B3
  • Currently fully leased

I-84 East, Governor St. exit, Left on Governor, corner of first Right on Thomas. Just over the bridge from downtown Hartford.

INVESTMENT FOR SALE: Multi-Tenant NNN Investment Property

· Industrial, Investment, Sale Listings

FOR SALE: $1,231,600

9 & 11 OLD WINDSOR ROAD, BLOOMFIELD, CT

Amodio & Co Real Estate is pleased to exclusively offer for sale 9 &11 Old Windsor Rd., Bloomfield, CT. This investment offering represents an opportunity to acquire a fully leased, high-quality, single-story 20,000 square foot Flex-Space property. The two freestanding buildings on 2.0 acres are located in the I-2 zone.

The building is comprised of 6 flex-space rental units, each with various size offices and either overhead drive-in doors, loading docks or both. Clear height is 17 feet in the non-office areas. Each rental unit has separate lavatory facilities.

Paved off-street parking for 41 cars (plus) is supplied in both front and rear areas of the property. The building is fully occupied with a diverse Tenant base each paying their own utilities and reimbursing Landlord for operating costs on a NNN basis. There is a value-add opportunity for a future owner as the rents are at the lower end of the market. 100% Occupancy with separately metered Tenant paid utilities.

The property is well maintained and positioned with excellent frontage/visibility along CT-Route 305 at Rt. 187. Located between Hartford and the Bradley International Airport area with excellent access to Interstate highway I-91 via exit 37.