111 Christian LnNew Britain, CT 06051

Property Details for 111 Christian Ln

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.14 AC

Property size (Sq ft)

16,624 SF

Zone code

I2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NBRI M:A11B B:66

APU

NBRIMA11BB66

Description

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.

Location Insight

City

New Britain

County

Hartford

State

Connecticut

Latitude

41.6509

Longitude

-72.7525

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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