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Two Locations in Connecticut

Investment Portfolio for Sale at $2,350,000.00

Two Property Investment Portfolio

Angel Commercial, LLC, is pleased to offer the sale of the Connecticut PPG Property Portfolio consisting of two fully leased properties located in Connecticut (Danbury and Waterbury). The portfolio is for sale in its entirety or as individual assets. Total portfolio offers approximately 16,601 RSF. The projected 2021 NOI is $255,314.

Pittsburgh Paint (PPG Industries) assumed all leases within this portfolio as a result of their purchase of Painter’s Supply. As a $13.8 billion, Fortune 500 company, and global supplier of paints and specialty products, PPG Industries’ acquisition of Painter’s Supply strengthens this investment portfolio.

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 in close proximity to major highways.

211 White Street, Danbury, CT

211 White Street, Danbury, CT

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,700 RSF in a single story retail building on 0.42 acres for sale at traffic signal at the corner of White Street and Eighth Avenue. Fully leased to single tenant, PPG Paints (formerly Painter’s Supply) with corporate guarantee from Fortune 500 company. The projected 2021 NOI is $186,624.

ADDITIONAL INCOME SOURCE: 3,289 SF multi-family house is included with the acquisition. Currently generating $38,700/annually from month-to-month agreements from three tenants. Renovated in 2012.

Near top national retailers including Walmart, Home Goods, Staples, Whole Foods, Starbucks, Auto Zone, Family Dollar, Dunkin’ Donuts, Walgreens, Marshalls, Subway, McDonald’s and Burger King. Situated across from Western State Connecticut University Midtown Campus. Located 1.5 miles to I-84, Exits 5 and 6, and less than one mile to the Danbury Metro North Train Station.

The Site
Total Building Size: 6,700 RSF (Retail) &
3,289 RSF (Multi-Family)
Land: 0.42 acres
Real Estate Taxes: $25,751.36 (2020)
Zoning: High-Rise Residential District (RH3)
Year Built: 1950
Construction: Masonry
Stories: One
Tenancy: Multiple
Occupancy: 100%
Financial Information
Projected 2021 NOI: $186,624
Features
Traffic Count: 20,620 Average Daily Traffic Volume
Parking: 14 Spaces
Utilities
Water/Sewer: City/City
A/C: Partial
Heating: Gas
Three Mile Demographics
Population: 76,643
Median HH Income: $66,786
Five Mile Demographics
Population: 115,662
Median HH Income: $79,154
1225 Thomaston Avenue, Waterbury, CT 06704

1225 Thomaston Avenue, Waterbury, CT

INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,615 RSF one-story building on 0.67 acres for sale with ample parking. Renovated in 2011. Fully leased to a single tenant, PPG Paints (formerly Painter’s Supply) with a corporate guarantee from a Fortune 500 company. The projected 2021 NOI is $68,690.

Near top national retailers including Target, CVS, McDonald’s, Sears, Subway, Dollar General, Starbucks, Radio Shack, AutoZone, Family Dollar, Kmart, Staples, 7 Eleven and TJ Maxx. Located less than 1 mile from Route 8, Exit 36.

The Site
Total Building Size: 6,615 RSF
Land: 0.67 acres
Real Estate Taxes: $29,783.48 (2020)
Zoning: General Industrial District (IG)
Year Built: 1962, renovated in 2011
Construction: Masonry
Stories: One
Tenancy: Single
Occupancy: 100%
Financial Information
Projected 2021 NOI: $68,690
Features
Traffic Count: 7,921 Average Daily Traffic Volume
Parking: Ample
Utilities
Water/Sewer: City/City
Heating: Gas
   
Three Mile Demographics
Population: 82,844
Median HH Income: $41,797
Five Mile Demographics
Population: 144,849
Median HH Income: $51,365
Updated: 18th April 2021
Contact:
Jon Angel, President
203.335.6600, Ext. 21
jangel@angelcommercial.com
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.