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Middlesex Square 189-191 Middlesex Ave 20,120 SF 100% Leased Retail Building Chester, CT 06412 $6,553,845 CAD ($325.74 CAD/SF) 6.92% Cap Rate
EXECUTIVE SUMMARY
Tenant Mix: Retail/Restaurant/Office/Residential
Long term leases, with significant annual increases and pass-through for operating expenses.
Current NOI $358,000
Ample on-site parking
Highly visible property on State Road
100% Leased
Long Term Tenants
Well Maintained by 19 Year Current Ownership
Lot Size: 3.02 Acres
Built: 1986
Zone: C
Proximity to Route 9
Easy Access to Chester Village and Exit 3 Route 154
Long term leases, with significant annual increases and pass-through for operating expenses.
Current NOI $358,000
Ample on-site parking
Highly visible property on State Road
100% Leased
Long Term Tenants
Well Maintained by 19 Year Current Ownership
Lot Size: 3.02 Acres
Built: 1986
Zone: C
Proximity to Route 9
Easy Access to Chester Village and Exit 3 Route 154
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,120 SF
Building Class
C
Year Built
1986
Price
$6,553,845 CAD
Price Per SF
$325.74 CAD
Cap Rate
6.92%
NOI
$453,674 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
1.52 AC
Zoning
COMM
Parking
104 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
233’ on Middlesex Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | CHES-000009-000000-000022 | Improvements Assessment | $1,816,199 CAD |
| Land Assessment | $285,553 CAD | Total Assessment | $2,101,752 CAD |
PROPERTY TAXES
Parcel Number
CHES-000009-000000-000022
Land Assessment
$285,553 CAD
Improvements Assessment
$1,816,199 CAD
Total Assessment
$2,101,752 CAD
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Middlesex Square | 189-191 Middlesex Ave
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