For Sale
$2,700,000

111 Christian LnNew Britain, CT 06051

Three-building industrial complex, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of three industrial buildings totaling 33,056 square feet situated on a 4.53-acre lot at 111, 135, and 151 Christian Lane in New Britain, Connecticut (06051). The property boasts a 100% occupancy rate with three tenants currently under a net-net lease agreement. The buildings feature a desirable 16-foot ceiling height and are classified as flex/warehouse space. The current Net Operating Income (NOI) stands at $194,552, yielding a 7.21% capitalization rate. A pro-forma NOI of $225,000 projects an 8.33% capitalization rate, indicating significant upside potential. The asking price for the entire portfolio is $2,700,000, translating to a price per square foot of $81.68. This property is ideal for both owner-users seeking to expand their operations and investors looking for a stable, high-performing asset in a desirable location. Each building is also available for individual sale. The property is conveniently located in Hartford County, Connecticut.

Highlights

  • Three industrial buildings totaling 33,056 square feet on a 4.53-acre lot in New Britain, CT.
  • 100% occupancy with three tenants under net-net leases.
  • Flex/warehouse space featuring 16-foot ceilings.
  • Current NOI of $194,552, 7.21% cap rate; pro-forma NOI of $225,000, 8.33% cap rate.
  • Asking price: $2,700,000 ($81.68/SF).
  • Individual building sales also available.

Property Details for 111 Christian Ln

Property type
Warehouses, Industrial properties
Square Feet
33,056 SF
Buildings
3
Lot Size (sq. ft)
197,327 SF

Location Insight

City
New Britain
County
Hartford
State
Connecticut
Latitude
41.651128749432
Longitude
-72.751876950062
111 Christian Ln, New Britain, Connecticut

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111 Christian Ln
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