Two Locations in Connecticut
Investment Portfolio for Sale at $2,448,000.00
Investment Portfolio in Connecticut: Angel Commercial, L.L.C. 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 13,901 RSF. The projected 2018 NOI is $208,168.61 with scheduled increases and a capitalization rate of 8.5%.
Pittsburgh Paint (PPG Industries) assumed all leases within this portfolio as a result of their purchase of Painter’s Supply. As a $15 billion, Fortune 500 company, and global supplier of paints and specialty products, PPG Industries’ recent 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.
Please view the marketing brochure for detailed information about the portfolio.
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.