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Key Bank Building 6 Storrs Rd 15,000 SF 100% Leased Retail Building Mansfield Center, CT 06250 $2,631,207 CAD ($175.41 CAD/SF) 6.09% Cap Rate

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EXECUTIVE SUMMARY

NNN Key Bank anchors this 15,000 Sf office building. Value added opportunity with other tenants paying below market rent. Great 1031 Opportunity.
Located on the corner of Route 195 and Route 6 on Windham/Mansfield line

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $279,922 $18.66
Other Income $53,110 $3.54
Vacancy Loss - -
Effective Gross Income $333,032 $22.20
Taxes $24,715 $1.65
Operating Expenses $105,277 $7.02
Total Expenses $129,993 $8.67
Net Operating Income $203,039 $13.54

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $279,922
Annual Per SF $18.66
Other Income (CAD)
Annual $53,110
Annual Per SF $3.54
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $333,032
Annual Per SF $22.20
Taxes (CAD)
Annual $24,715
Annual Per SF $1.65
Operating Expenses (CAD)
Annual $105,277
Annual Per SF $7.02
Total Expenses (CAD)
Annual $129,993
Annual Per SF $8.67
Net Operating Income (CAD)
Annual $203,039
Annual Per SF $13.54

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1975/2014
Price
$2,631,207 CAD
Price Per SF
$175.41 CAD
Cap Rate
6.09%
NOI
$160,151 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.50 AC
Zoning
PB1
Parking
85 Spaces (8.5 Spaces per 1,000 SF Leased)
Frontage
87’ on Storrs Rd

AMENITIES

  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • 5,000 SF
  • $33.32 CAD
  • Triple Net
  • Dec 2030

Les racines de KeyCorp remontent à des siècles jusqu'à Albany, dans l'État de New York. Key, dont le siège social est situé à Cleveland, dans l'Ohio, est l'une des plus importantes sociétés de services financiers bancaires du pays. KeyBank est l'une des plus grandes sociétés de services financiers bancaires du pays, ce qui permet aux clients d'effectuer facilement leurs opérations bancaires là où ils vivent. La Banque des consommateurs sert les particuliers et les petites entreprises dans l'ensemble de leur succursale et par l'entremise de son activité nationale de prêts numériques Laurel Road® ciblant les professionnels de la santé. Ils offrent une variété de produits de dépôt et de placement, des services de finances personnelles et de mieux-être financier, des prêts, du refinancement de prêts étudiants, des prêts hypothécaires et des capitaux propres, des services de cartes de crédit, des services de trésorerie et des services-conseils aux entreprises.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance 5,000 SF $33.32 CAD Triple Net Dec 2030

NEARBY MAJOR RETAILERS

Applebee's
Five Guys
Big Y

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MANS-000038-000108-000001
Land Assessment
$173,342 CAD (2025)
Improvements Assessment
$1,043,764 CAD (2025)
Total Assessment
$1,217,106 CAD (2025)
Annual Taxes
$24,715 CAD ($1.65 CAD/SF)
Tax Year
2024
  • Listing ID: 3782286

  • Date on Market: 2014-09-23

  • Last Updated:

  • Address: 6 Storrs Rd, Mansfield Center, CT 06250

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