Industrial Portfolio for Sale
Industrial | 7.18% CAP
Marketing description
Sentry Commercial is proud to present an exceptional industrial portfolio investment opportunity, featuring 90 Lamberton Road in Windsor, CT, and 17 Connecticut South Drive in East Granby, CT. Together, these properties offer a combined 78,474 square feet of industrial space situated on 10.63 acres. Both properties are occupied by subsidiaries of Joining Industries Inc., which will retain occupancy through a long-term sale-leaseback arrangement upon acquisition. 90 Lamberton Road is a single-tenant facility designed for precision industrial use, while 17 Connecticut South Drive is a multi-tenant building, with one unit occupied by a national daycare operator, enhancing tenant diversification. Both properties feature multiple loading bays, industrial zoning, excellent highway access, and flexible configurations suitable for a variety of industrial users. The current owner-user has completed significant renovations within the past three years to ensure the properties meet modern industrial standards. The seller, a long-standing Connecticut-based operator with decades of experience, will lease back the properties under a minimum 10-year term. The projected 2025 Net Operating Income (NOI) for the portfolio is estimated at $645,812.
Strategically located near Bradley International Airport & Interstate I-91.
Investment highlights
- Both properties will be fully occupied with an estimated NOI of $645,812
- Both buildings have been renovated and maintained
- Both buildings are strategically located near Bradley International Airport & Interstate 91.
- Both buildings are highly functional for a variety of industrial users
- 90 Lamberton Rd
- Number of Units: 1
- Power: 2,000 Amp, 208V, 3 Phase
- Generator: 2,000 Amp, 208V
- Lot Size: 4.89 Acres
- Year Built: 1968
- Year Last Renovated: 2023
- Tax PSF: $1.00/SF
- Year Assessed: 2023
- Mill Rate: 30.32
- 17 Connecticut South Dr
- Power: 800 Amp, 480V, 3 Phase
- Year Built:1987
- Year Last Renovated: 2022
- Number of Units: 2
- Tax PSF: $1.37 SF
- Year Assessed: 2023
- Mill Rate: 29.80
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