Connecticut PPG Property Portfolio

Connecticut PPG Portfolio

DANBURY & WATERBURY

211 White Street, Danbury, CT
211 White Street, Danbury, CT
1225 Thomaston Avenue, Waterbury, CT
1225 Thomaston Avenue, Waterbury, CT

PRICE REDUCTION:

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.

DOCUMENTS

LISTING BROKER
Jon Angel

President
Angel Commercial, LLC

MAP

211 White Street, Danbury, CT

Financial Information
Sale Price: $1,400,00
Real Estate Taxes: $23,936.20 (2022)
Projected 2022 NOI: $145,900
Lease Termination Date: 12/31/2024
Property Details
Total Building Size: 6,700 RSF (Retail) & 3,289 RSF (Multi-Family)
Land: 0.42 Acres
Zoning: High-Rise Residential District (RH3)
Year Built: 1950, Renovated in 2012
Construction: Masonry
Stories: One
Tenancy: Multiple
Occupancy: 100%
Features
Traffic Count: 20,620 Average Daily Traffic Volume
Parking: 14 Spaces
Utilities
Water/Sewer: City/City
A/C: Partial
Heating: Gas
Demographics 3 Miles 5 Miles
Population: 76,643 115,662
Median HH Income: 53,464 $66,786

1225 Thomaston Avenue, Waterbury, CT

Financial Information
Sale Price: $750,000
Real Estate Taxes: $32,761.84 (2022)
Projected 2022 NOI: $68,690
Lease Termination Date: 12/31/2024
Property Details
Total Building Size: 6,615 RSF
Land: 0.67 Acres
Zoning: General Industrial District (IG)
Year Built: 1962, Renovated in 2011
Construction: Masonry
Stories: One
Tenancy: Single
Occupancy: 100%
Features
Traffic Count: 7,921 Average Daily Traffic Volume
Parking: Ample
Utilities
Water/Sewer: City/City
A/C: None
Heating: Gas
Demographics 3 Miles 5 Miles
Population: 82,844 144,849
Median HH Income: $41,797 $51,365