Connecticut PPG Property Portfolio
Connecticut PPG Portfolio
DANBURY & WATERBURY
Connecticut PPG Portfolio for Sale at $2,150,000
ORIGINAL LIST PRICE: $2,350,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer the Connecticut PPG Portfolio consisting of two fully leased properties located in Connecticut (Danbury and Waterbury). The total portfolio offers approximately 16,601 RSF and is for sale at $2,150,000 in its entirety or as individual assets. The projected 2022 NOI is $212,050.
Fully leased to PPG Paints with a corporate guarantee from a Fortune 500 Company until 12/31/2024, the portfolio offers an investor a rare opportunity to acquire two net leased assets in Connecticut. Each property is well maintained and located near or on main streets with excellent accessibility, visibility, and demographics. Properties are located within high-traffic areas and are close to major highways.
- 211 White Street in Danbury, CT: The property consists of a 6,700 RSF single-story retail building with a new roof (2022) on 0.42 acres conveniently located at a traffic signal at the corner of White Street and Eighth Avenue. In addition, a 3,289 RSF multifamily house repainted in 2022 is included with the acquisition and is currently generating $38,700/annually from month-to-month agreements from three tenants. The individual sale price is $1,400,000 with a projected 2022 NOI of $145,900.
- 1225 Thomaston Avenue, Waterbury, CT: The property is a 6,615 RSF one-story retail building on 0.67 acres with abundant parking. The individual sale price is $750,000 with a projected 2022 NOI of $66,150.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Angel Commercial, LLC