RARE! Large (~27, 000 Sq Ft) brick building industrial space in Downtown Hartford. Blocks away from Parkville Market, Hartford Hospital, Superior Courts, The Capitol, The Bushnell and MORE! The asset has 2 full floors + basement. The basement provides ample storage and mechanicals. The first floor is currently being used as a workshop, office, showroom and storage/inventory area for an active HVAC/AC company. A large freight elevator or stairwell brings you up to the massive 2nd floor with mostly open space (some partitioned off rooms) and ample natural light. One small portion of this floor is also being rented by an artist monthly as a space to create their artwork. There are multiple opportunities to take this asset to the next level. Seller ideally would like to sell the HVAC business (and all current product/inventory) with the real estate and is open to mentoring the new owner to ensure smooth transition. They are also open to a leaseback option. Finally, a savvy investor can take the asset and redevelop or level and build out a new asset in its place. The opportunities are endless!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,600,000 | $1,600,000 | $1,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $2,301 | $2,301 | $2,301 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,211 | $10,113 | $13,502 |
Total Monthly Payment | $11,637 | $12,539 | $15,928 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.