For Lease Three buildings on Total Acres: 34.06

Three buildings on Total Acres: 34.06, Public Water & Public Gas. Zone: C-I Commercial Industrial. Allowed Uses: Medical Facility, Cannabis Cultivation & Sales, Distribution, Special Education, Office, Flex space, Retail, Warehouse, Manufacturing. Proposed Changes: New City gas heat & central AC, New Building Exteriors, New Roofs, New Windows, New Asphalt, and New Landscaping.

For Sale Three buildings on Total Acres: 34.06

Call Agent For Pricing.
For Sale or Lease Three buildings on Total Acres: 34.06, Public Water & Public Gas. Zone: C-I
Commercial Industrial. Allowed Uses: Medical Facility, Cannabis Cultivation & Sales, Distribution, Special Education, Office, Flex
space, Retail, Warehouse, Manufacturing. Proposed Changes: New City gas heat & central AC, New Building Exteriors, New
Roofs, New Windows, New Asphalt, and New Landscaping.
Also for Lease. Agent is Owner

328-Acre Mixed Use Development Opportunity

The former Waterford Airport on 189 acres in the IP-Zone and four additional lots on 139 acres in the R-40 zone are being offered as a master mixed-use development. With 600 feet of frontage on 1-95, the site is directly across from a major retail destination that includes Lowes, Walmart Supercenter as well as other major national retailers. EB, Pfizer and the Coast Guard and Navy facilities are just minutes away in New London and Groton.

Plainfield

Three buildings on Total Acres: 34.06, Public Water & Public Gas. Zone: C-I Commercial Industrial. Allowed Uses: Medical Facility, Cannabis Cultivation & Sales, Distribution, Special Education, Office, Flex space, Retail, Warehouse, Manufacturing.

55 Reservoir Road, Vernon, CT 06066

Proposed: Flex Space, Self Storage, Last Mile Warehouse, Multi-family or Retail Development 40.55 acres in Vernon’s Planned Development Zone. Great visibility with a traffic count of 74,000. On I-84 and 21,500 on Reservoir Rd. Public water and Sewer. Has an existing road through entire parcel!

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Lyman Guide

Ways to Financially Analyze a Commercial Real Estate Investment

Commercial real estate (CRE) is a numbers game

So, financial analysis is the foundation for making informed commercial real estate decisions

  • Helps you evaluate financial performance, investment return, property values
  • Helps you arrive at the value of a purchase, compare purchase options

Key measures

  • Net operating income (NOI)
    • NOI = gross income — operating expenses
    • Lenders use this to determine the maximum loan amount they’ll approve
  • Debt-service-coverage ratio (DSCR)
    • DSCR = NOI / annual debt service
    • Tells you the cash flow available to service the property’s debt
    • DSCR of 1.25 or higher normally adequate for a CRE investment
  • Capitalization rate (cap rate)
    • Cap rate = NOI / property’s market value
    • Used to determine the rate of return expected on an investment property
    • Can also calculate a property’s value based on a desired rate of return, using the following formula:
      • Property value = NOI / cap rate
    • Useful for comparing the relative values of alternative CRE investments
    • Higher cap rate generally indicates a higher return, but also, typically, a higher risk
  • Return on Investment (ROI)
    • REI = NOI / amount invested
    • The higher the ROI, the better the investment
  • Cash-on-cash return (CoC)
    • CoC = annual pretax cash flow / total cash invested
    • The higher the CoC return, the better the investment