12 Precision Rd Danbury, CT 06810
- Warehouses
- 8,686 SF
Current Use by Public Records
- K & R Negotiation Associates / Business Management Consultant
- The New England Computer Group, Inc. / Computer Repair Service / Computer Security Service
Property Details for 12 Precision Rd
- Year built
- 1984
- Property size
- 8,686 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a free-standing, 8,686 square foot Class B office/warehouse condominium in Danbury, CT. The property boasts a new 5-year gross lease with a corporate guarantee from a publicly traded tenant, who has invested over $800,000 in improvements. The lease commenced June 1, 2023, and includes annual rent bumps of 3%. The building features two stories, 22 dedicated parking spaces, two dock-high doors, and is served by water and gas utilities. Shared septic is in place, with sewer access available on Kenosia Avenue. Located in the IL-40 zone, this property offers convenient access to Route 7 and I-84. The asking price is $1,389,000, representing a 6.00% cap rate. This is a single-unit, owner-user investment with condo land ownership (two units total). Financials are available upon request. The building was constructed in 1984. The lease expires November 30, 2028, leaving approximately four years remaining.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Danbury
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.4918
- Latitude
- 41.3796
