11 Southwood Dr Bloomfield, CT 06002-1913
Property profile & analytics
11 Southwood Dr Bloomfield, CT 06002-1913
- Industrial properties
- 25,968 SF
- 3.03 lot acres
Property ID
US15-0370217
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- United Rentals / (Bike/Boat/Book/etc) Store / Rental Equipment Company
Property Details for 11 Southwood Dr
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 3.03 lot acres
- Property size
- 25,968 SF
- Zone code
- I-2
- Property type
- Industrial properties
- APN
- BLOO M:21 L:52
- APU
- BLOOM21L52
Description
This exceptional investment opportunity presents a 27,440-square-foot industrial property located at 11 Southwood Drive, Bloomfield, CT, 06002. The property, built in 1981 and situated on a 7-acre lot, is currently 100% occupied by United Rentals (NYSE: URI), the world's largest equipment rental company, under a net lease agreement. The lease, commencing June 1, 2023, and expiring May 31, 2028, offers a remaining term of 3.5 years with three 5-year renewal options. The current annual net operating income (NOI) is $216,672, representing a 6.75% cap rate and a price per square foot of $116.98. The lease includes a 10% rent increase every five years, providing built-in rent growth. The property's classification as Distribution, Manufacturing, and Warehouse, along with significant outdoor storage space, makes it a highly desirable asset. The property also includes approximately one acre of undeveloped land, offering potential for future expansion. United Rentals' corporate guarantee provides significant investment security. This property benefits from a strong demographic area, with approximately 94,000 residents within a 5-mile radius boasting an average household income exceeding $113,000. The asking price is $3,209,955.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.7088
- Latitude
- 41.8509
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,422
$216,020
$446,530
$662,550
-
$0.00
$0.00
$0.00
