Listed by Triple Crown Realty Group
$2,170,000
3520 New Hartford Rd
Details
Property Type Office
Sub Type Traditional Office
Square Footage 25,600
Net Rentable (SqFt) 22,640
Units 25
Cap Rate 10.03%
NOI $217,590
Occupancy 85%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 11.52%
Pro-Forma NOI $250,000
Price per SqFt $85
Broker Co-Op Yes
Class A
Year Built 1974
Year Renovated 2024
Buildings 1
Stories 4
Acreage 2.500
Zoning B-4
Parking Spaces 50 spaces
Parking Per SqFt 1.95
Investment Type Stabilized
Office | 10.03% CAP | 25,600 SqFt
Marketing description
Turnkey, maintenance free standalone office building in a highly visible location with excellent access and ample parking. Recent capital improvements include a new roof, new parking lot, new elevator, and all new flooring and paint throughout. 85% leased, providing strong in place income. Designed for minimal owner involvement with no on site management required.
Listing Contacts
Listed by Triple Crown Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,590.00
$18,132.50/mo
Valuation Metrics
0
DSCR
10.03%
Cap Rate
10.03%
ROI
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