About 200 John Downey Drive
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.
Features of 200 John Downey Drive
| MLS® # | 24056072 |
|---|---|
| Price | $2,150,000 |
| Square Footage | 14,981 |
| Square Footage | Public Records |
| Acres | 2.33 |
| Type | Commercial For Sale |
| Status | Closed |
Community Information
| Address | 200 John Downey Drive |
|---|---|
| Area | N/A |
| City | New Britain |
| County | Hartford |
| State | Connecticut |
| Zip Code | 06051 |
Amenities
| Utilities | Electric, Gas, Telephone, Cable |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Air, Electric |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Level Lot |
|---|---|
| Roof | Flat |
Additional Information
| Date Listed | October 25th, 2024 |
|---|---|
| Days on Market | 124 |
| Zoning | I1 |
| RE / Bank Owned | No |
Listing Details
| Agent | Thuyan Tran |
|---|---|
| Office | Oxford Realty |