Good morning. Here are today's top CT deals.
Four commercial properties scored 7.5+ this week across industrial, multifamily, and retail. Cap rates are holding above submarket averages โ two are strong 1031 candidates.
๐ 215 Progress Drive, Windsor, CT
Hartford Metro ยท Industrial ยท $3.8M | $72/SF
Cap: 7.9% (market avg: 7.3%) โ 60bps premium. Assumable debt at sub-5% is the value here. Three tenants, 4.2-year WALT. Below comparable pricing in the corridor ($76โ84/SF).
8.2/10 Score
Below Comps
1031 Grade
๐ 92 Industrial Boulevard, Meriden, CT
Central CT ยท Industrial ยท $4.2M | $68/SF
Cap: 8.3% (market avg: 7.3%) โ 100bps above submarket. I-91 corridor access, heavy demand for logistics. 2-tenant structure, 5.1-year WALT. Priced for quick close.
8.7/10 Score
High-Yield
1031 Grade
๐ 1450 Main Street, New Haven, CT
New Haven/Shoreline ยท Multifamily (40 units) ยท $12.5M
Cap: 6.4% (market avg: 6.1%) โ 30bps above comp set. Below-market rents on half the units. Value-add play: $185/unit vs. comps at $200+. Strong Shoreline market fundamentals.
Value-Add
7.5/10 Score
Rent Upside
๐ 45 Distribution Way, Waterbury, CT
Northwest CT ยท Industrial ยท $2.8M | $64/SF
Cap: 8.9% (market avg: 7.8%) โ 110bps premium. Highest-yield industrial in the state. Secondary market discount but solid tenant credit (renewal unlikely). Single-tenant, 3.2-year lease. Income play.
9.1/10 Score
Highest Yield
1031 Grade
12 more deals scored 6.0+ this week. See the full list with comp digests, submarket breakdowns, and owner lookup in the portal.
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This Week's Market Pulse
Connecticut industrial continues to outperform. Three deals above 8% cap rate is noteworthy โ suggesting brokers are still finding yield but sellers are motivated. Multifamily remains competitive (6.0โ6.5% range), but value-add signals are present in the 5โ10-year rent growth thesis.
1031 note: Wednesday's OZ Intelligence email will highlight four Hartford-area properties in designated opportunity zones eligible for 1031 + OZ crossover structures. Three are on today's list.