
200 John Downey Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you

Your email has been sent!
200 John Downey Dr
14,981 SF Office Building New Britain, CT 06051 $3,109,975 CAD ($208 CAD/SF) 9.17% Cap Rate



INVESTMENT HIGHLIGHTS
- Low Maintenance
- 9+% CAP
- NN investment.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
14,981 SF
Building Class
C
Year Built
1974
Price
$3,109,975 CAD
Price Per SF
$208 CAD
Cap Rate
9.17%
NOI
$285,240 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,981 SF
Building FAR
0.15
Lot Size
2.33 AC
Zoning
L1 - Light Industrial
Parking
126 Spaces (8.41 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
Parcel Number | NBRI-000009C-000000-A000005 | Improvements Assessment | $1,353,881 CAD |
Land Assessment | $254,150 CAD | Total Assessment | $1,608,031 CAD |
PROPERTY TAXES
Parcel Number
NBRI-000009C-000000-A000005
Land Assessment
$254,150 CAD
Improvements Assessment
$1,353,881 CAD
Total Assessment
$1,608,031 CAD
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by

200 John Downey Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.