Office Investment: Southington, CT – 8.1% Cap, $995,000

 
· Office, Sale Listings

$995,000

8.1% Cap Rate

72 Queen Street, Southington, CT

Amodio & Co is pleased to offer for sale this exceptional multi-tenant office investment property at 72 Queen Street in Southington, Connecticut. Originally built as a bank branch, this attractive office property is solid brick and steel construction, with bank vault in place. Currently occupied by three tenants (one on the first floor, two on the second). There is potential to easily create a fourth tenant on the second floor. Newly renovated common kitchen/break room on the second floor, as well as ample & attractive restrooms and common spaces. The HVAC was replaced in 2005-2006, with new roof in 2015. The property is well maintained by current owner/occupant, with zero deferred maintenance. Existing NOI provides for 8.1% cap rate at asking price.