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900 Farmington Ave Turnkey Investment 2 Properties Offered at $3,748,045 CAD in Berlin, CT
INVESTMENT HIGHLIGHTS
- New roofs and HVAC Systems.
- Street Level Retail
- 2 Curb Cuts
- Long-term Leases
- 73 Parking Spaces
- Quick Access to Rt. 9, Rt. 5, & Rt. 372
EXECUTIVE SUMMARY
O,R&L Commercial is pleased to present an Investment Opportunity of 2 Fully Leased Retail Buildings with long-term NNN leases for Sale at 892-900 Farmington Avenue in Kensington, CT. Building 1 (#892) is 8,288± SF and is fully leased to Cyclone Home Systems. Building 2 (#900) is 14,098± SF and is fully leased by Dollar General. The site has 2 curb cuts, 294± ft of frontage, and ample parking with 73 spaces on the 2.07 acre lot in the CCD-2 zone. The site is highly visible and directly across from the new Steele Center at Farmington Avenue development is under construction which includes 76 new apartments.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,748,045 CAD | Number of Properties | 2 |
| Price / SF | $167.43 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.12% | Total Building Size | 22,386 SF |
| Sale Type | Investment | Total Land Area | 4.14 AC |
| Status | Active |
| Price | $3,748,045 CAD |
| Price / SF | $167.43 CAD / SF |
| Cap Rate | 8.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,386 SF |
| Total Land Area | 4.14 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 892 Farmington Ave, Berlin, CT 06037 | Flex | 8,288 SF | 1999 | - |
| 900 Farmington Ave, Berlin, CT 06037 | Retail | 14,098 SF | 1960 | - |
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900 Farmington Ave Turnkey Investment
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