Coventry 11,688 SF Ideal for Student Housing or Motel

City Water & Sewer 11,688 SF, Acres: 1.53 , Expandable to 3 stories or 35,000 SF. Just off of Main St. Heating: Oil Village
Gateway Zone Taxes: $10,800, On Wangumbaug Lake. Abuts popular Coventry Lakeview Restaurant Traffic Count: 3,900 5
miles from UCONN & ECONN Coventry has confirmed 3 story addition

Waterbury 2 Spaces w/ possible Drive Thru

FOR LEASE $15/SF plus NNNs – (2) Spaces: 2,000 SF endcap w/ possible drive thru and 1,500 SF inline space – Spaces could be combined for a total of 3,500 SF – Brand new fit out in vanilla box condition, plug and play design – Each space has its own bathroom – Owner willing to do a build-to-suit for a TBD price depending on credit strength & lease terms

Westbrook FOR LEASE – Brand New Restaurant Space w/ Large Outdoor Patio

FOR LEASE – Brand New Restaurant Space w/ Large Outdoor Patio
-Located along Connecticut shoreline, in downtown
Westbrook – population doubles or triples in the Summer
-1,605 SF restaurant space with indoor bar, kitchen/prep area, and 2
restrooms
-Large 3,000 SF outdoor patio for patrons to utilize
-Outfitted with brand new hood & ansul system
-New windows
and siding
-Septic Seating Capacity for 540 Gallons/Day
-Contact today for more info & to schedule a showing!

Westbrook Commercial building on Route 1.

Commercial building on Route 1. 3,344 SF on 1.03 acres. There is an enclosed and open porch. There is also a basement.
Potential uses include: Retail Store, Mixed Use, Sit-down Restaurant, Business/Professional Office,
Boarding/Lodging/Rooming, Vehicle Renting/Leasing or a Three-family Dwelling.

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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