30 Dorset XingSimsbury, CT 06070

Property Details for 30 Dorset Xing

Year built

2012

Lot size

6.49 AC

Property size (Sq ft)

15,359 SF

Zone code

PAD

Property type

Office buildings

APN

SIMS M:I04403013-A B:0 L:0

APU

SIMSMI04403013AB0L0

Description

This exceptional 15,000-square-foot medical office building, constructed in 2012, is ideally situated at 30 Dorset Crossing in Simsbury, Connecticut, on Route 202. The property boasts 13,500 square feet of versatile clinical space, encompassing various office suites and a community room, perfectly suited for a range of medical practices. A substantial 4,000-square-foot urgent care suite is included, complete with a dedicated radiology room and lab space featuring multiple blood drawing stations. The 6.49-acre lot offers significant potential, with additional land approved for diverse uses available within the Dorset Crossing development, which also includes The Pointe apartment complex. This prime location benefits from high visibility and accessibility, featuring direct frontage on Route 202 with a signalized entrance, ensuring convenient access for patients and staff. The level land boasts excellent drainage, and all utilities are readily available. The property enjoys a strategic location, just 15 minutes from Bradley International Airport and 25 minutes from downtown Hartford, providing easy access for both local and regional clientele. The seller is open to considering a lease with an option to buy, or a lease at a rate of $17.50 per square foot annually, plus a CAM charge of $9 per square foot annually. With a daily traffic count of approximately 12,000 vehicles, this property presents a compelling investment opportunity in a thriving medical market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,539,302

  6.5%

  $2,343,970

  7%

  $2,176,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,006,807

  Geo Method

  $2,006,807

• Alternative Use

  Use

  Valuation

  Residential

  $2,906,524

  Hospitality

  $2,662,360

  Educational

  $2,215,052

  Medical

  $2,291,231

  Retail

  $3,445,637

Location Insight

City

Simsbury

County

Hartford

State

Connecticut

Latitude

41.9082

Longitude

-72.7897

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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