10 Mill Pond Ln
Simsbury, CT 06070
Office Property For Sale

CBRE is pleased to offer for sale 10 Mill Pond Lane, a two-story office building located on 4.75 acres within the Powder Forest Business Park, a master-planned, mixed-use office park situated just off Route 10/202 in Simsbury, Connecticut. Built in 1986, the property measures approximately 20,000 SF and is currently 100% owned and occupied by Landmark Partners, which was acquired by Ares Management Corporation in June 2020. Ares will be vacating the property upon sale.
10 Mill Pond Lane offers a quiet, park-like setting, abundant on-site parking and picturesque views, as well as convenient access to local area amenities including the award-winning, Millright’s Restaurant & Tavern, Metro Bis and numerous other restaurants and retail services located along Hopmeadow Street (Route 10/202). The building is situated on a large wooded lot at the cul de sac end of a semi-residential street, with neighboring properties include a newly-built, five-building condominium complex, a two-building office park at 1&3 Mill Pond Lane, and the Mill Commons Apartments. Zoned I-2, permitted uses include office, medical office, professional services and/or conversion to residential by special exemption. Parking may also be expanded by approximately 30 spaces. Current operating expenses and real estate taxes are estimated at $16.00/SF. The property is being offered for sale “as-is” at a reduced asking price of $750,000.