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Danbury & Waterbury, Connecticut

Connecticut PPG Portfolio for Sale at $2,350,000.00

211 White Street, Danbury, CT
211 White Street, Danbury, CT
1225 Thomaston Avenue, Waterbury, CT
1225 Thomaston Avenue, Waterbury, CT

Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer for sale the Connecticut PPG Portfolio consisting of two fully leased properties located in Connecticut (Danbury and Waterbury).​ The portfolio is for sale at $2,350,000 in its entirety or as individual assets.​ The 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 are close to major highways.

  • 211 White Street in Danbury, CT: The property consists of a 6,700 RSF single-story retail building on 0.42 acres conveniently located at a traffic signal at the corner of White Street and Eighth Avenue. The projected 2021 NOI is $186,624 and the sale price is $1,500,0000. This property also includes additional income from a 3,289 RSF multifamily house currently generating $38,700/annually from month-to-month agreements from three tenants.
  • 1225 Thomaston Avenue, Waterbury, CT:  The property is a 6,615 RSF one-story retail building on 0.67 acres with abundant parking. The projected 2021 NOI is $68,690 and the sale price is $850,000.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.

211 White Street, Danbury, CT

The Site
Total Building Size: 6,700 RSF (Retail) &
3,289 RSF (Multi-Family)
Land: 0.42 acres
Real Estate Taxes: $23,410.32 (2021)
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

The Site
Total Building Size: 6,615 RSF
Land: 0.67 acres
Real Estate Taxes: $29,763.48 (2021)
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: 8th December 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.