New Listing - 10/25/2024

$2,150,000

Est. Mortgage $10,872/mo *

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200 John Downey Drive, New Britain, CT, 06051

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0 beds

1974

14,981 sqft

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.

Status:

Active

Type:

Commercial

Units:

Zoning:

Frontage:

State Road

Heating:

Hot Air

Cooling:

Central Air

Acreage:

2.33

Est. Taxes:

$44,011

Assessment

$1,111,670

Utilities

Electric,Gas,Telephone,Cable

Lot Description:

Level Lot

Days on Market:

MLS #:

24056072

Community Info

School Info

Walk Score

Mass Transit

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200 John Downey Drive, New Britain, CT, 06051

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