Active
200 John Downey Drive
New Britain CT, 06051
$2,150,000
$143.52 per sqft
Active
14,981 sqft
Commercial
Built in 1974
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.
24056072
MLSⓇ ID
October 25, 2024
Listed
December 18, 2024
Updated
Map
200 John Downey Drive
New Britain CT, 06051
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric, Forced Air
Exterior/Building Features
Lot Size
2.33 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$44,011
Tax Frequency
Annually
Days on Market
54
Garage
No
View
No
County
Hartford
Water Source
Public
Pool
No
Zoning
I1
Listed by Thuyan Tran with Oxford Realty
Listing Contact: 8603086115
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Data last updated on 12/18/2024 at 5:39 PM UTC