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15 N Washington St 30,322 SF 85% Leased Industrial Building Plainville, CT 06062 $1,550,000 ($51.12/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$188,280
|
$6.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$188,280
|
$6.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,000
|
$1.42
|
| Net Operating Income |
$145,280
|
$4.79
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $188,280 |
| Annual Per SF | $6.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $188,280 |
| Annual Per SF | $6.21 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $43,000 |
| Annual Per SF | $1.42 |
| Net Operating Income | |
|---|---|
| Annual | $145,280 |
| Annual Per SF | $4.79 |
Property Facts
| Price | $1,550,000 | Lot Size | 2.65 AC |
| Price Per SF | $51.12 | 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 | $1,550,000 |
| Price Per SF | $51.12 |
| 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
Depending on tenant needs, landlord may facilitate build out.
| Space | Size | Space Use | Condition | Available |
| Basement | 4,500 SF | Industrial | Shell Space | Now |
Basement
| Size |
| 4,500 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1 of 5
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Basement
| Size | 4,500 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
Depending on tenant needs, landlord may facilitate build out.
1 1
Property Taxes
| Parcel Number | PLAI-000025-F000000-000029 | Improvements Assessment | $564,830 (2025) |
| Land Assessment | $77,000 (2025) | Total Assessment | $641,830 (2025) |
Property Taxes
Parcel Number
PLAI-000025-F000000-000029
Land Assessment
$77,000 (2025)
Improvements Assessment
$564,830 (2025)
Total Assessment
$641,830 (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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