71 Utopia RdManchester, CT 06042

This exceptional investment opportunity presents a 56,000-square-foot industrial property in Manchester, Connecticut. The property is currently 100% occupied under a single-tenant, triple-net (NNN) lease with Flex Ltd., a credit-rated tenant, with a remaining lease term of five years, plus a three-year option. The lease commenced September 1, 2024, and expires August 31, 2029, featuring a 2% annual rent increase. The asking price is $6,680,000, representing a 7.00% capitalization rate and a price per square foot of $119.29. The property, built in 1998 and renovated in 2010, sits on a 3.89-acre lot and includes one single-story building with four loading docks, 158 parking spaces, and a ceiling height ranging from 16 to 20 feet. The property is zoned IND and enjoys a prime location, just one mile from Interstate 84, providing easy access to major transportation routes, including Interstate 91, Massachusetts, and New York State. The property has a long operating history and benefits from its location in a thriving industrial area of Hartford County. The Net Operating Income (NOI) is $467,600. This is a rare opportunity to acquire a stable, high-performing industrial asset with a strong tenant and significant upside potential.