HARTFORD OFFICE/FLEX AT $4.95M | 286,415 SF | ANCHOR TENANTS STAYING PER SELLER
HARTFORD, CT - 285 BROAD STREET
Large office/flex asset with I-84 visibility and heavy existing infrastructure. Per the seller, both current tenants, FOX61 and the Hartford Courant, are staying, and the seller reports a letter of intent from a logistics company for additional space. The play is commercial lease-up and stabilization, with potential adaptive reuse subject to approvals.
- Offices, studios, production space, multi-level warehouse, cafeteria and conference space
- Production-room ceiling height approximately 39 ft 8 in
- Three passenger and two freight elevators; three independent power feeds
- 423 parking spaces reported, including 186 City-leased spaces through March 31, 2028 at $40 per space per month ($89,280/year). Verify transferability.
- I-84 frontage, quick access to I-84/I-91, near Union Station
TENANTS
- FOX61 (TEGNA): 53,000 SF. Base rent $106,000/month plus a $371,000/year HVAC contribution per the offering memorandum. Listed lease expires November 30, 2026; seller reports FOX is staying. Renewal terms to be provided.
- Hartford Courant: 12,000 SF. Listed lease expired March 31, 2026; seller reports the Courant is staying. Current terms to be provided.
- Logistics company: seller reports a signed LOI for additional space. Space, rent and term to be provided.
- Offering memorandum reports 65,000 SF leased (22.7%) and 221,415 SF vacant (77.3%). Over 220,000 SF available for lease-up.
FINANCIALS - 2026 BUDGET, NOT ACTUAL T12
- With both tenants in place, the supplied 2026 budget shows the building operating at roughly break-even before debt service.
- Budgeted utilities approximately $720,873; property taxes $360,000; repairs and maintenance $522,566, including temporary rented-chiller costs.
- Upside comes from leasing the vacant space and replacing the rented chiller with a permanent system, which would cut roughly $265,000 a year in temporary cooling costs.
- Buyer to review actual operating statements, rent roll, leases and renewal documents.
CONDITION
- Major repair. Cooling currently runs on a rented chiller; permanent replacement should be priced into the capital plan.
- Roof and HVAC ages unknown. Buyer to complete inspections.
EXIT STRATEGIES
- Commercial lease-up and stabilization around the anchor tenants
- Reposition existing office/flex, studio and warehouse space
- Potential adaptive reuse / residential, subject to feasibility, zoning and municipal approvals
DEAL TERMS
- Under contract, assignment of contract
- $100,000 EMD
- Closing December 17, 2026
- Cash or institutional financing
- Showings by appointment only
DISCLOSURE
- Information from seller and supplied marketing materials, not independently verified. Buyer to verify square footage, zoning, condition, environmental, title, leases, renewals, parking rights and redevelopment feasibility.
- JNA Dynamic Holdings LLC holds an equitable interest in this property and is selling its contract rights.
Jervon - JNA Dynamic Holdings LLC
(469) 949-3363
Jervon@jnadynamicholdings.com
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $4,950,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $295,000.