$2,150,000
200 John Downey Drive New Britain, CT 06051
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$2,150,000
Est. payment /mo
14,981 SqFt
UPDATED:
10/25/2024 11:46 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,981 sqft
Price per Sqft $143
MLS Listing ID 24056072
Year Built 1974
Annual Tax Amount $44,011
Lot Size 2.330 Acres
Property Description
Opportunity to acquire this well-maintained, double-net investment! Built in 1974, this single-story industrial office spans 14,981 square feet on a generous 2.33-acre lot. The building is equipped with central heating and air conditioning, features modern finishes, and is constructed with a durable steel frame and brick/masonry exterior. Currently occupied by Lincoln Technical Institute for over 19 years, this property yields a gross annual rent of $239,748, with a 3 percent annual increase. A new four-year lease is set to begin in January 2025. Lincoln Technical Institute is a nationally recognized institution specializing in career-focused training and education. With a strong emphasis on hands-on learning, Lincoln Tech offers programs across a variety of technical fields, including automotive technology, healthcare, skilled trades, culinary arts, and information technology. The institution has a history of long-term occupancy in purpose-built educational spaces, making it a stable and reliable tenant.
Location
State CT
County Hartford
Zoning I1
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Flat
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Thuyan Tran • Oxford Realty
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