Prime Downtown location on Main St in Middletown, CT. A lot of development currently taking place in the booming downtown and surrounding area. Priced at an 8 CAP with more value add potential. Many Cap Ex improvements have been made by ownership and strong leases in place.
Building Highlights:
40,000 SQFT of Retail/Office 90% occupied with long term leases
3 year old roof old with 25 year warranty
New Fire alarm system
Fully Sprinklered building
10 year ‘Salad Bar’ lease signed.
5 year ‘Escape Room’ lease signed on 3rd floor. Former Social Security Office.
Over $750,000 spent in tenant build out and building renovations last 3 years
Completely remodeled 2nd ,3rd and 4th floors
All new Brick Façade
New HVAC
Building comes with 14 Parking Spots in rear of building
Environmental done in 2023