233-235 Main St
New Britain, CT 06051
The Plaza · Office Property For Sale

***PURCHASER SHALL HAVE TWO OPTIONS TO EXTEND CLOSING DATE BY 30 DAYS EACH, FOR A TOTAL CLOSING PERIOD OF 90 DAYS, AS SPECIFIED IN THE PURCHASE CONTRACT AND ADDENDUM.*** ***BIDDER DEPOSITS MUST BE PLACED ONLY BY WIRE TRANSFER OR CASHIERS CHECK OR PARTICIPATION AGREEMENT. CREDIT CARDS WILL NOT BE ACCEPTED.*** Property tours are available by appointment ONLY. Please contact James Nelson at 212-660-7710 or James.Nelson@cushwake.com to schedule. Investment Highlights: ñ24.11% occupied office building in New Britain, CT Can be delivered vacant for single user occupancy Only Class A office building in New Britain 7 rentable floors plus basement & mechanical floor totaling ñ85,958 GSF Building received ñ$15,000,000 worth of renovations in the 1990's Located in Central Business District with significant Tax Breaks Closest Class A building to Fast Track dedicated busway serving central Connecticut Investment Overview: The Plaza (the "Property") is a ñ85,958 GSF Class A office building in New Britain, CT. Located at 233-235 Main Street on the southeast corner of Main and Bank Street, the Property offers 7 rentable floors plus basement and mechanical floor. Ceiling heights v Ceiling heights vary by story, with the first floor at ñ18', ñ11' for floors 2 through 7, and ñ13' for the basement. Designed by famed architect Emery Roth, the building underwent a ñ$15,000,000 renovation in the 1990's. More recent improvements include a Johnson Control Energy Management System, which automates HVAC and other energy usages, minimizing utility costs to ownership. The Plaza is the only Class A office building in New Britain, and benefits from unobstructed street exposure and an adjacent city-owned parking garage. The Property is currently ñ24.11% occupied by two tenants on the 2nd and 4th floors. Unrestrictive CBD zoning allows for a variety of potential uses, including a mixed-use building with residences on the upper floors and street level retail or office space. This mass appeal contributes to the significant competitive advantage, as the supply of Class A office space within the local market is severely constrained. New Britain is home to maior institutions including Central Connecticut State University, The Hospital for Special Care, and The Hospital of Central Connecticut. Public transportation to the building is supported by the Fast Track Busway, whi