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15 N Washington St 30,322 SF 83% Leased Industrial Building Plainville, CT 06062 $2,163,676 CAD ($71.36 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Owner will leaseback the entire building on a long term lease
- Upgraded energy features
- Excellent location close to route 72 and Route 84
EXECUTIVE SUMMARY
This 39,000 square foot industrial building is presented as a seller-leaseback. The current owner requires the lease of the entire building for a period of at least 5 years. The seller is guaranteeing a 9+% CAP and is willing to manage the building for less than typical management fees. The building earns an annual income at $142K. There is a brand new freight elevator available as well as a ground floor overhead door for the ground level unit. The three-floors of industrial space have ample parking in the rear and provides the tenants with two additional, large overhead doors and a loading dock at the front of the building. New gas heating system has been installed by seller. Great income producing building in a great location near Route 84 to Hartford (20 minutes), New Britain (10 minutes), Waterbury (20 minutes).
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$262,824
|
$8.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$262,824
|
$8.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,025
|
$1.98
|
| Net Operating Income |
$202,799
|
$6.69
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $262,824 |
| Annual Per SF | $8.67 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $262,824 |
| Annual Per SF | $8.67 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,025 |
| Annual Per SF | $1.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $202,799 |
| Annual Per SF | $6.69 |
PROPERTY FACTS
| Price | $2,163,676 CAD | Lot Size | 2.65 AC |
| Price Per SF | $71.36 CAD | Rentable Building Area | 30,322 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 9.50% | Year Built | 1917 |
| Sale Condition | Sale Leaseback | Parking Ratio | 0.99/1,000 SF |
| Property Type | Industrial | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | GI | ||
| Price | $2,163,676 CAD |
| Price Per SF | $71.36 CAD |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.65 AC |
| Rentable Building Area | 30,322 SF |
| No. Stories | 3 |
| Year Built | 1917 |
| Parking Ratio | 0.99/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | GI |
AMENITIES
- Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| Basement | 4,500 SF | Industrial | - | Now |
| 1st Floor | 750 SF | Industrial | - | Now |
Basement
| Size |
| 4,500 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size |
| 750 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Basement
| Size | 4,500 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 750 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
1 1
PROPERTY TAXES
| Parcel Number | PLAI-000025-F000000-000029 | Improvements Assessment | $792,886 CAD (2025) |
| Land Assessment | $108,090 CAD (2025) | Total Assessment | $900,975 CAD (2025) |
PROPERTY TAXES
Parcel Number
PLAI-000025-F000000-000029
Land Assessment
$108,090 CAD (2025)
Improvements Assessment
$792,886 CAD (2025)
Total Assessment
$900,975 CAD (2025)
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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15 N Washington St
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