Listed by Amodio & Co Real Estate
$539,000
36-38 Grand Street
Details
Property Type Office
Sub Type Medical Office
Square Footage 8,000
Cap Rate 9.50%
NOI $51,534
Tenancy Multi
Lease Term 5
Remaining Term 4
Parking Spaces 12 spaces
Parking Per SqFt 1.50
Office | 9.50% CAP | 8,000 SqFt
Marketing description
Amodio & Co has been exclusively retained to sell 36-38
Grand Street, Hartford. This fully leased opportunity in
Downtown Hartford offers a bite-sized medical
investment, with near zero landlord involvement. Ideal
1031 replacement option! Long-term commitment to
the location. Direct highway access to I-84 & I-91. Steps
to Charter Oak Health Center. HVAC 3 yrs old. Roof 12
yrs old flat EPDM.
Investment highlights
- 4-years remaining on initial 5-yr lease
- No landlord responsibility for repairs/maintenance
- Tenant paid separate utilities
- Off-street parking lot for +/- 12 cars
- NOI: $51,534/year // 9.5% Cap
Listing Contacts
Listed by Amodio & Co Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,534.00
$4,294.50/mo
Valuation Metrics
0
DSCR
9.56%
Cap Rate
9.56%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
