Berkshire Hathaway NE Prop.
Karen Kvietkauskas, Berkshire Hathaway NE Prop.Phone: (860) 558-4397
Email: [email protected]
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listing
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CommercialFor Sale
$2,150,000
200 John Downey Drive
New Britain, CT 06051
Courtesy of Oxford Realty
MLS: Smart MLS
0Beds
Est. Mortgage
$11,198/mo

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.

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Information courtesy of Oxford Realty is subject to verification and is not guaranteed. Listing Data Last Updated 11/17/2024 07:13 PM
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