For Sale

Asking Price: $9,000,000
22 Waterville Rd., Avon, CT 06001

Property Highlights

  • Medical
  • Building Size: 55,000 SF
  • Cap Rate: 10+%
  • Type: Office

Regions Commercial LLC, in conjunction with Ten-X, is pleased to present 22 Waterville Road. This asset presents the market with a unique opportunity to acquire a value-add premium office property in Avon, Connecticut. The office building, which will be delivered as a Sale Leaseback with $1,200,000 NOI, triple-net lease, totals 53,500 square feet of space on a 3.6-acre parcel. The fully masonry-constructed property highlights a high-end interior with a multi-story atrium-style lobby, open floor plates for the modern build-out, and extensive executive offices with expansive views. The parking lot includes 215 surface parking spaces, more than enough to accommodate the building at full occupancy. 22 Waterville Road is an excellent value-add, investor or owner/user opportunity to acquire a premiere office/medical space with modern amenities with vast lease-up and operational upside.
 
22 Waterville Road enjoys a prime location in Avon, Connecticut. The parcel resides just off Route 44, the area's primary retail strip and a critical commuter route that connects to the dense population center of Hartford, which is less than 9 miles away. Key retailers that call this commercial corridor home include Walmart Supercenter, Aldi, Whole Foods, Best Buy, Marshalls, and more. Avon offers a thriving suburban community that thrives on the area's high-quality of life driven by the close-knit community, New England charm, and rich natural beauty. Avon offers an affluent demographic portfolio that helps businesses fill their ranks with highly qualified candidates. Within 5 miles of the property, there is a population of over 80,000 residents, earning over $155,000 a year per household. A reported 32% of this population base has earned a bachelor's degree, while another 33% has earned an advanced degree. 
 
Do not miss the opportunity to acquire this premium, connected medical office building with direct access to Downtown Hartford and a highly educated workforce.
 
Property tours are available by appointment only. Please contact the broker to schedule.

*This is a Sale/Leaseback to Waterville Road, LLC, a business entity owned by Seller and will commence immediately upon sale for a term of 1 year.  Lease is a triple-net lease whereby Tenant is responsible for rent of $1,200,000 plus 100% of operating expenses for the duration of the lease.  Tenant will escrow 50% of lease amount to Buyer at closing.



Request a Showing

Name *
Phone *
Email *

Additional Comments:


DISCLAIMER: Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties are subject to change or withdrawal without notice.

TREATING EVERY TRANSACTION LIKE OUR OWN

Regions Commercial brings our experience, expertise and access to high-tech tools & databases to every property search and listing, ensuring you get the results you want, fast.

Contact Us