Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8
listing
1 of 8
CommercialFor Sale
$2,150,000
200 John Downey Drive
New Britain, CT 06051
Courtesy of Oxford Realty
MLS: Smart MLS
0Beds
14,981Sq Ft
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.

Get in touch
Information courtesy of Oxford Realty is subject to verification and is not guaranteed. Listing Data Last Updated 12/26/2024 09:38 PM
Community / School Information