1 Griffin RdWindsor, CT 06006

Property Details for 1 Griffin Rd

Year built

2007

Construction

STEEL FRAME

Lot size

72.99 AC

Property size (Sq ft)

457,396 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WSOR M:00006 B:00142 L:000005

APU

WSORM00006B00142L000005

Description

This exceptional Class A office complex, totaling 445,682 square feet, presents a compelling value-add investment opportunity. Located in Windsor, CT, on a 72.99-acre lot, this 4-story building boasts a prime location just 10 miles north of downtown Hartford and 3.5 miles from I-91, offering easy access to a large, highly educated workforce. Constructed in 2008, the property features unparalleled amenities including a full-service cafeteria, state-of-the-art fitness center, health center, and extensive conference facilities. Currently 20% occupied by two credit-rated tenants (Waste Management and Aflac), the remaining 354,360 square feet of vacant space offers significant upside potential. The building is divisible into smaller suites or can be leased as a contiguous block of 246,953 square feet. The majority of the vacant space is fully furnished. The property includes 2,262 parking spaces and is zoned I - Industrial. This asset offers owner-users or investors the chance to acquire an institutional-quality property at a price significantly below replacement cost, in a thriving commercial hub near Bradley International Airport and major employers such as Amazon, GE Alstom, and Pratt & Whitney. Rent bumps are available, and the lease type is gross. This is a multi-tenant property with a strong potential for increased occupancy and rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $111,163,192

  6.5%

  $102,612,184

  7%

  $95,282,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $150,603,664

  Geo Method

  $150,603,664

• Alternative Use

  Use

  Valuation

  Residential

  $86,557,216

  Hospitality

  $79,285,944

  Educational

  $65,964,972

  Medical

  $68,233,608

  Retail

  $102,612,184

Location Insight

City

Windsor

County

Hartford

State

Connecticut

Latitude

41.8798

Longitude

-72.7288

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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