Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

11 Beaver Meadow Rd 2,750 SF 100% Leased Office Building Norwich, VT 05055 $1,395,920 CAD ($507.61 CAD/SF) 7.34% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Downtown Norwich
  • Renovated Building

EXECUTIVE SUMMARY

Nestled in the heart of Norwich, VT, with a commanding presence that dominates the downtown landscape, this fully occupied office building presents a rare opportunity in one of the most sought-after locations. Having undergone extensive renovations, the property now meets the highest modern standards expected for professional office spaces, making it an ideal setting for discerning businesses.
Property Highlights:
Location: Unparalleled downtown position with easy access to everything Norwich has to offer. This prime location ensures high visibility and convenience for all tenants, situated just moments away from bustling cafes, fine dining, and essential services. The proximity to Hanover, and Lebanon Airport, enhances connectivity and accessibility, making it a strategic hub for business operations.
Occupancy: Boasting 100% occupancy, this building is a testament to its desirability and the quality of space it offers. Tenants are drawn to the blend of modern amenities and the dynamic location, ensuring a stable and diverse community of professional businesses.
Modern Renovations: Recently upgraded with meticulous attention to detail, the building features state-of-the-art facilities and finishes. From advanced networking capabilities to energy-efficient lighting and climate control systems, every aspect has been designed with the modern professional in mind.
Office Units: The property comprises multiple office units, each offering flexible layouts to accommodate a range of business needs. Whether for a startup seeking an inspiring space or a more established company needing a larger footprint, this building caters to all.
Amenities: Tenants benefit from two well-appointed bathrooms, ensuring convenience and comfort. The ample parking available is a significant advantage in downtown Norwich, providing easy access for both employees and clients.
Investment Opportunity:
This office building represents not just a premier business address but a sound investment in a thriving community. With its 100% occupancy rate, modern amenities, and unbeatable location, it offers a stable income stream and potential for capital appreciation.
Experience the Best in Modern Office Space:
Discover the ultimate workspace in downtown Norwich, VT. Whether you're looking to invest in a top-tier office building or seeking the perfect location for your business, this property offers unmatched value and opportunity. Contact us today to explore how this exceptional office building can meet your professional and investment needs.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
2,750 SF
Building Class
B
Year Built/Renovated
1789/2018
Price
$1,395,920 CAD
Price Per SF
$507.61 CAD
Cap Rate
7.34%
NOI
$102,474 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,375 SF
Building FAR
0.37
Lot Size
0.17 AC
Zoning
COMM/RES - Commercial and Residential
Parking
8 Spaces (2.91 Spaces per 1,000 SF Leased)

AMENITIES

  • Basement
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
450-142-12224
Land Assessment
$207,990 CAD (2024)
Improvements Assessment
$559,669 CAD (2024)
Total Assessment
$767,658 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
  • Listing ID: 31017377

  • Date on Market: 2024-02-21

  • Last Updated:

  • Address: 11 Beaver Meadow Rd, Norwich, VT 05055

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}