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 seller in the transaction is 80 Weston Street LLC, who sold the property to BHD 80 Realty LLC.
- The steel-framed, office/warehouse styled building was constructed in 1985 and sits on 2.43 acres of industrial (ID-1) zoned land. At the time of sale, the property was fully occupied by a single tenant on a net lease basis. The building features one drive-in door, three loading docks, and a full sprinkler system.
- The property is located minutes off Exit 33 of Interstate-91. There is a high density of auto-dealerships in the surrounding neighborhood including Liberty Mazda, Jaguar Hartford, and CarMax. At the time of sale, 80 Weston Street was occupied by Eckart & Finard, Inc.