The Hartford County Flex/Industrial Market is comprised of 115,070,000 square feet of inventory. As of mid-2nd Quarter 2018 the vacancy rate in Hartford County is 5.2%, 40 basis points lower than the 2nd Quarter 2017 rate, and 226 basis points lower than the ten year average.
The 33,280 square foot industrial property located at 80 Weston Street in Hartford, CT sold for $2,100,000. The sale took place on May 3, 2018 after being listed for approximately nine months at a $2,495,000 asking price. The property transferred at a 8.74% capitalization rate based on a $183,500 NOI provided in the listing.
The properties featured below represent three Hartford County industrial sales that occurred throughout April and May of 2018. From 2013 to 2017, the market experienced a peak median price per square foot of $46.65 in 2013 and a low of $36.46 in 2014.