For Sale
$2,300,000

329 Cooke St Plainville, CT 06062

High-yield investment, fully leased until 2028.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 37,671 square foot industrial flex building, situated on a 2-acre lot in Plainville, Connecticut, presents a compelling investment opportunity. Built in 1967 and renovated in 1990, the property boasts a desirable RI zoning designation. The fully air-conditioned space features 16-foot ceilings, two loading docks, and two dock-high doors, ensuring efficient operations. Currently fully leased, generating a net operating income (NNN) of $179,844 with 3% annual increases, the lease extends until September 30, 2028, providing long-term stability. The property offers a 7.8% capitalization rate and below-market rents, indicating significant potential for future appreciation. The comprehensive sprinkler system enhances safety and security. This turnkey investment is ideal for discerning buyers seeking a strong return on investment in a prime Connecticut location. The property's features, combined with its favorable lease terms and location, make it a highly attractive asset.

Highlights

  • ±37,671 SF fully air-conditioned industrial flex building.
  • ±2-acre site in Plainville, CT.
  • $179,844 NNN annual income with 3% annual increases.
  • Leased through 9/30/2028.
  • 7.8% capitalization rate.
  • Below-market rents.

Property Details for 329 Cooke St

Property type
Warehouses, Industrial properties
Square Feet
37,671 SF
Year Built/Renovated
1967/1990
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Plainville
County
Hartford
State
Connecticut
Latitude
41.6893028
Longitude
-72.8470784

FAQs

What type of property is this?
Warehouse - High-yield investment, fully leased until 2028.
Where is the warehouse located?
The property is located at 329 Cooke St Plainville, CT.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: ±37,671 SF fully air-conditioned industrial flex building.; ±2-acre site in Plainville, CT.; $179,844 NNN annual income with 3% annual increases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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329 Cooke St
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