163 John Downey Dr New Britain, CT 06051
This exceptional Class A industrial property, located at 163 John Downey Drive, New Britain, CT, offers a substantial 35,000-square-foot manufacturing space on a 2.79-acre lot. Currently featuring a single tenant, 7,750 square feet will become available February 1, 2025. The building, constructed in 1971, boasts a single story with a 15-foot ceiling height and a generous 200-foot frontage on John Downey Drive, conveniently located near Newington Ave. The property includes one loading dock with ten dock-high doors, providing efficient loading and unloading capabilities. Ample parking is available with 50 total spaces. The interior features a large office at the front with central air conditioning, three bathrooms, and 3-phase power. The building's heating system is gas-powered, and the property is zoned I1. Previous uses include manufacturing wood and plastic store fixtures. The lease is a triple net lease, with additional charges for heat, electricity, and a common area maintenance (CAM) fee of $1.65 per square foot per month. This property presents a unique opportunity for a manufacturing business seeking a well-equipped and strategically located facility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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