For Sale
$3,200,000

386 Ledyard St Hartford, CT 06114

Three leased industrial buildings, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents three industrial buildings totaling approximately 38,000 square feet situated on a 3-acre lot in Hartford, Connecticut. The property, located at 386-400 Ledyard Street, zip code 06114, boasts a strong net operating income (NOI) of $249,452. Built in the 1980s, the buildings feature 16-foot ceiling heights, providing ample vertical space for various industrial uses. Eleven loading docks and three drive-in doors ensure efficient loading and unloading operations. The property also includes ample fenced-in parking for employees and visitors. The buildings are currently leased, providing a stable income stream. The zoning is designated as Industrial, allowing for a wide range of potential uses. The asking price is $3,200,000, representing a compelling 8.61% capitalization rate. This is a rare opportunity to acquire a well-maintained, multi-building industrial portfolio in a desirable location with significant upside potential. The property's strong cash flow and strategic location make it an ideal addition to any investor's portfolio. This offering includes three single-story buildings.

Highlights

  • ±38,000 SF in three industrial buildings on ±3 acres in Hartford, CT.
  • 11 loading docks and 3 drive-in doors.
  • 16' ceiling heights.
  • Ample fenced parking.
  • 8.61% capitalization rate.

Property Details for 386 Ledyard St

Property type
Warehouses, Industrial properties
Square Feet
38,000 SF
Year Built
1980
Buildings
3
Stories
1
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Hartford
County
Hartford
State
Connecticut
Latitude
41.7368242
Longitude
-72.6675365

FAQs

What type of property is this?
Warehouse - Three leased industrial buildings, high NOI.
Where is the warehouse located?
The property is located at 386 Ledyard St Hartford, CT.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: ±38,000 SF in three industrial buildings on ±3 acres in Hartford, CT.; 11 loading docks and 3 drive-in doors.; 16' ceiling heights.
How can I contact the broker?
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386 Ledyard St
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