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631-635 Farmington Ave 18,913 SF 100% Leased Office Building Hartford, CT 06105 $2,199,728 CAD ($116.31 CAD/SF) 11.83% Cap Rate
Investment Highlights
- Fully leased through 2030 with two established tenants and annual rent increases of 2.5%.
- Ample on-site parking with over 50 spaces serving tenants and visitors.
- Partially finished basement offers potential for additional income generation.
- Significant recent upgrades, including new HVAC, fire alarm system, and energy-efficient lighting.
- Located in Hartford’s West End with easy access to major highways and public transportation.
Executive Summary
This fully leased commercial office building offers a rare investment opportunity in Hartford’s West End. This property offers stabilized revenue with two long-term tenants with leases extending through 2030, providing predictable income with annual 2.5% rent escalations. Both long-term tenants, with one occupying the building for over 35 years and the other for more than 15 years.
Recent capital improvements include energy-efficient lighting, a new fire alarm system, updated RTU's, a brand new water heater, and updated restrooms. The second floor has undergone a complete renovation, and the partially finished basement offers additional revenue potential. With minimal owner responsibilities and ample on-site parking for 50+ vehicles, this asset is well-suited for investors seeking a low-maintenance property or a 1031 exchange opportunity.
Located at the corner of Farmington Avenue and Beacon Street, the property benefits from excellent visibility and convenient access to major highways and public transit. Its proximity to West Hartford and downtown Hartford enhances its appeal for professional office users, ensuring long-term stability and value growth.
Recent capital improvements include energy-efficient lighting, a new fire alarm system, updated RTU's, a brand new water heater, and updated restrooms. The second floor has undergone a complete renovation, and the partially finished basement offers additional revenue potential. With minimal owner responsibilities and ample on-site parking for 50+ vehicles, this asset is well-suited for investors seeking a low-maintenance property or a 1031 exchange opportunity.
Located at the corner of Farmington Avenue and Beacon Street, the property benefits from excellent visibility and convenient access to major highways and public transit. Its proximity to West Hartford and downtown Hartford enhances its appeal for professional office users, ensuring long-term stability and value growth.
Financial Summary (Actual - 2025) 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 - 2025) 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
Building Size
18,913 SF
Building Class
C
Year Built
1960
Price
$2,199,728 CAD
Price Per SF
$116.31 CAD
Cap Rate
11.83%
NOI
$260,192 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,457 SF
Building FAR
0.56
Lot Size
0.78 AC
Zoning
C - Commercial
Parking
53 Spaces (2.8 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000111-000371-000070 | Total Assessment | $1,299,233 CAD |
| Land Assessment | $264,058 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,035,174 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
HTFD-000111-000371-000070
Land Assessment
$264,058 CAD
Improvements Assessment
$1,035,174 CAD
Total Assessment
$1,299,233 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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631-635 Farmington Ave
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