Log In/Sign Up
Your email has been sent.
11 & 15 Herman Dr 11 Herman Dr 12,083 SF 100% Leased Flex Building Simsbury, CT 06070 $2,986,600 CAD ($247.17 CAD/SF) 7% Cap Rate
Investment Highlights
- High-yield industrial investment with immediate cash flow
- Suitable for investors or potential owner-user repositioning
- Opportunity to increase value through targeted upgrades
Executive Summary
11 & 15 Herman Drive Industrial Investment Opportunity
Simsbury
The offering consists of two industrial buildings totaling approximately 25,000 square feet, located at 11 and 15 Herman Drive, being sold together as a single investment opportunity. This is an estate sale, and the property will be conveyed as-is, where-is, subject to probate court approval.
The portfolio generates approximately $150,000 to $165,000 in net operating income based on recent financials, equating to an approximate 7.0% to 7.6% cap rate at the asking price of $2,180,000. The asset provides stable in-place cash flow with functional layouts suitable for a variety of industrial, flex, and warehouse users.
Simsbury
The offering consists of two industrial buildings totaling approximately 25,000 square feet, located at 11 and 15 Herman Drive, being sold together as a single investment opportunity. This is an estate sale, and the property will be conveyed as-is, where-is, subject to probate court approval.
The portfolio generates approximately $150,000 to $165,000 in net operating income based on recent financials, equating to an approximate 7.0% to 7.6% cap rate at the asking price of $2,180,000. The asset provides stable in-place cash flow with functional layouts suitable for a variety of industrial, flex, and warehouse users.
Property Facts
| Price | $2,986,600 CAD | Lot Size | 4.00 AC |
| Price Per SF | $247.17 CAD | Rentable Building Area | 12,083 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 1980 |
| Property Type | Flex | Parking Ratio | 6/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-1 - The property is located within Simsbury’s Industrial (I) Zone, which permits a wide range of light industrial, warehouse, manufacturing, and flex uses | ||
| Price | $2,986,600 CAD |
| Price Per SF | $247.17 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 4.00 AC |
| Rentable Building Area | 12,083 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 6/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-1 - The property is located within Simsbury’s Industrial (I) Zone, which permits a wide range of light industrial, warehouse, manufacturing, and flex uses |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | SIMS-000002I-000439-000006 | Improvements Assessment | $598,128 CAD |
| Land Assessment | $88,228 CAD | Total Assessment | $686,356 CAD |
Property Taxes
Parcel Number
SIMS-000002I-000439-000006
Land Assessment
$88,228 CAD
Improvements Assessment
$598,128 CAD
Total Assessment
$686,356 CAD
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
11 & 15 Herman Dr | 11 Herman Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.