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189-201 Marlborough St Portland CT 201 Marlborough St 7,000 SF 100% Leased Office Building Portland, CT 06480 $1,699,320 CAD ($242.76 CAD/SF) 6.90% Cap Rate
Executive Summary
Three-building mixed-use income property on high-traffic Route 66 in Portland's prime B-2 commercial corridor. Currently occupied by two national tenants - Subway Restaurant (197 Marlborough) and State Farm Insurance (201 Marlborough, ground floor) - plus a residential dwelling (189 Marlborough) . All active leases are gross with tenants paying their own utilities, delivering a clean, low-expense income stream. Current NOI: $82,757 | Cap Rate: 6.9% at ask. Preapproved strip mall on the land of 189. Potential for a second unit at 201
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,000 SF
Building Class
A
Year Built
1947
Price
$1,699,320 CAD
Price Per SF
$242.76 CAD
Cap Rate
6.90%
NOI
$117,253 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,500 SF
Slab To Slab
9’
Building FAR
0.26
Lot Size
0.61 AC
Zoning
Commercial
Parking
20 Spaces (2.86 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | PORT-000020-000000-000196 | Improvements Assessment | $280,827 CAD |
| Land Assessment | $179,222 CAD | Total Assessment | $460,048 CAD |
Property Taxes
Parcel Number
PORT-000020-000000-000196
Land Assessment
$179,222 CAD
Improvements Assessment
$280,827 CAD
Total Assessment
$460,048 CAD
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189-201 Marlborough St Portland CT | 201 Marlborough St
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