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887 Main St 12,500 SF 100% Leased Office Building Monroe, CT 06468 $1,700,000 ($136/SF) 8.50% Cap Rate

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EXECUTIVE SUMMARY

Check out this prime industrial property located on Route 25, offering excellent visibility and accessibility. This versatile building features a mix of industrial and office tenants, with convenient common restrooms in the hallway. There are 7 units in total-5 office spaces on the first floor and 2 industrial units, with the ground level as the only available space, offering an opportunity for the new owner to lease. The **property is in excellent condition**, with all office units recently upgraded and well-maintained by the tenants. A prominent monument sign at the entrance lists all tenants, and the property includes additional land near the lower level for potential parking expansion, though the existing lot already has more than enough parking for both tenants and visitors. All tenants are current on rent, with many long-term occupants in place. The building is well-maintained, with regularly serviced A/C units and boilers in excellent condition. The seller is motivated and prefers a 1031 exchange but is flexible on price for strong offers only. Don't miss out on this great opportunity!