729 North Mountain Road

Newington, CT 06111 Directions
$500,000 Sold on 05/03/2021 Sold on 05/03/2021
  • 13,764Sqft
  • 0.79Acres
  • 1962Built
  • $58Price/Sqft

Property Highlights

  • Days on Market: 255
  • MLS: 170329966
  • Listing Closed

Property Highlights

  • Days on Market: 255
  • MLS: 170329966
  • Listing Closed

This rare investment opportunity produces a great return with NNN lease in place and an annual cash flow of $84, 834. CLEAN ENVIRONMENTAL! Phase 1 passed! The building offers over 11, 000sqft of warehouse with 14.5ft ceiling height and an additional 2, 000sqft of office space in the front of the building. The exterior was painted in August 2020 and a new AC unit installed in office space in 2019. There are 2 loading docks in the front, a large 12x20 drive in bay on the side and an additional drive-in door in the rear. The building is equipped with 3 Phase electrical, 400amp, 240volt. Long term strong tenant has 4.5 years remaining on current lease...

Property Highlights

  • Days on Market: 255
  • MLS: 170329966
  • Listing Closed

This rare investment opportunity produces a great return with NNN lease in place and an annual cash flow of $84, 834. CLEAN ENVIRONMENTAL! Phase 1 passed! The building offers over 11, 000sqft of warehouse with 14.5ft ceiling height and an additional 2, 000sqft of office space in the front of the building. The exterior was painted in August 2020 and a new AC unit installed in office space in 2019. There are 2 loading docks in the front, a large 12x20 drive in bay on the side and an additional drive-in door in the rear. The building is equipped with 3 Phase electrical, 400amp, 240volt. Long term strong tenant has 4.5 years remaining on current lease with a 3% rent increase by end of lease term. CAP RATE 10.6%!!

This rare investment opportunity produces a great return with NNN lease in place and an annual cash flow of $84, 834. CLEAN ENVIRONMENTAL! Phase 1 passed! The building offers over 11, 000sqft of warehouse with 14.5ft ceiling height and an additional 2, 000sqft of office space in the front of the building. The exterior was painted in August 2020 and a new AC unit installed in office space in 2019. There are 2 loading docks in the front, a large 12x20 drive in bay on the side and an additional drive-in door in the rear. The building is equipped with 3 Phase electrical, 400amp, 240volt. Long term strong tenant has 4.5 years remaining on current lease with a 3% rent increase by end of lease term. CAP RATE 10.6%!!

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  • Additional Information
    • Area Type: Suburban, Industrial Park, Office Park
    • Days On Market: 255
    • Gross Income: 84834
    • Living Area SqFt: 13,764
    • Present Use: Atlas Stamping Company
    • Road Frontage Description: Municipal Street, Paved Road
    • Sewer: Public Sewer Connected
    • Status: Closed
    • Tax Amount: $16,669
    • Tax Year: July 2020-June 2021
    • Type: Commercial For Sale
    • Utilities Available: Electric, Gas
    • Year Built: 1962
  • Interior/Exterior Features
    • Air Conditioning: Central Air
    • Cooling: Central Air
    • Heat: Hot Air
    • Living SqFt Source: Public Records

Listing Courtesy of William Raveis Real Estate.

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