The industrial building at 55 Corneau Way in South Windsor has reportedly sold for $1,225,000. CoStar reports the transaction took place on August 17, 2017 with a capitalization rate of 12.5%.
Formerly the site of NAMCO’s warehouse and distribution center headquarters, the industrial building located at 100 Sanrico Drive in Manchester sold recently for a recorded amount of exactly $6,216,594. The transaction occurred on July 25, 2017 and was reportedly done in lieu of a potential foreclosure on the seller.
The Hartford County Flex/Industrial Market is comprised of approximately 114,300,000 square feet of inventory. The current 3rd Quarter 2017 vacancy rate in Hartford County is 5.1%, 180 basis points lower than the 3rd Quarter 2016 rate, and 252 basis points lower than the ten year average.