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OFFERING OVERVIEW
FOR SALE | FOR LEASE | Joint Venture
Just Off I-91, Exit 21Cromwell / Middletown+/- 13,000 SF LEED Office BuildingI-91 Development 3.7 Frontage Acreage
EXIT21
311 CENTERPOINT DRIVE
A Rare Commercial Real Estate Opportunity. This Joint Venture offers ownership in an extraordinary Class A+ office building property and valuable tenancy in this showcase office space.
FOR SALE—Architectural designed two-story 13,000 SF, multi-tenant green LEED Silver building. Built in 2011, this top-end quality constructed property features energy efficient mechanical and solar PV systems. The building is situated on a three plus acre parcel with I-91 frontage and second building development opportunities.
FOR LEASE—Flagship office space features 360° views with all glass interior and high-end finishes. Available with furnishings; marquee building signage. AVAILABLE 4,400 to 6,600 SF.
Joint Venture—As a 50% partner, tenancy will fit your current space needs and will insure ongoing control of expansion space. A down payment investment will provide excellent upside investment returns with tenant rental income funding all expenses and full loan amortization. Development opportunities on prime commercial property represent additional long-term potentials.
UPPER LEVEL Available Owner Occupied LOWER LEVEL 100% Tenant Occupied
OFFERING OVERVIEW
FOR SALE311 CENTERPOINT DRIVE
HIGH-TECH 13,000+ SF Office Building, Development Acreage, 3.7+ Acres on I-91
The Upper Level flagship office space is available as owner-occupied. The Lower Level, currently 100% tenant-occupied, adds solid cashflow. Day one return-on-in-vestment (ROI), with owner-occupied and tenant rental income. Development construction opportunities on 3.7+ acres with I-91 frontage.
Property Highlights—the Building
Built in 2011, the 311 Centerpoint Drive Building features high-end design with green construction throughout. The LEED Silver certified green building designation places the building amongst a very select group of Connecticut properties. The rooftop solar array and energy efficient mechanicals provide for a quality long-term investment.
Property Highlights—the Land
Prime development acreage, 600’ frontage visibility from I-91 south. The daily 125,000+ vehicle count provides high value construction opportunity for a 20,000 to 35,000 SF office building, branding potential.
Just Off I-91, Exit 21Cromwell / Middletown
OFFERING OVERVIEW
FOR LEASE311 CENTERPOINT DRIVE
AVAILABLE: 4,400 SF to 6,650 Square Feet, Spring 2020
An exceptional Connecticut opportunity, 311 Centerpoint Drive is a one-of-a kind office space, a remarkable showcase for the highly successful business or professional organization. Marquee building signage sets the company image stage. All glass buildout with high end finishes provide for an open workspace feel in a private office workstyle.
The existing custom furniture can be available to compliment carpeting choices and paint color selections, ensuring your new office will be move-in-ready with keys to the future.
LocationThe 311 Centerpoint Drive Building is strategically located with high visibility along the I-91 corridor between Routes 9 and 691. It’s the perfect central Connecticut location, providing great amenities and easy access for visitors and staff. Just off I-91 at Exit 21, Cromwell, on the Cromwell/Middletown line.
OFFERING OVERVIEW
Joint Venture311 CENTERPOINT DRIVE
The 311 Centerpoint Drive Joint Venture offering is a small business opportunity to lease a flagship office for your organization. Enjoy all the benefits of Owner Occupied Commercial Real Estate (OOCRE), property ownership with commercial real estate investment returns. The Current Owner is offering a partnership in this exclusive property.
AVAILABLE FOR LEASE 4,400 SF to 6,650 SF
SPRING 2020
Lennie LeibenhautCommercial Real Estate Advisor
M 203-314-1557 | O 860-854-6288
Providing excellent rental cashflow, the 311 Centerpoint Drive building is currently 100% leased, the Upper Level through March 2020. The Lower Level is long-term leased to two tenants, one tenant being the Current Owner of the building and property.
The Offering benefits analysis includes tax depreciation, debt amortization, property appreciation, control over expansion space, and second building development opportunities. A Joint Venture (JV) 50%-50% partnership with the Current Owner (“Partner A”) will offer stable long-term tenancy, a strong Net Operating Income (NOI) and excellent availability to market funding at low interest rates.
PARTNER A will be participating as an owner-occupied tenant (2,250 SF), in part of the Lower Level of the building. Ongoing property manage-ment and real estate experience will be provided, assuring the ongoing success of the Joint Venture.
PARTNER New will be participating as an owner-occupied tenant (4,416 to 6,659 SF), in the prime Upper Level of the building. The financial commitment includes a down payment investment and monthly fixed rent payments.
A partnership agreement will define additional details of the Joint Venture and will describe a defined exit plan for PARTNER A which will give PARTNER New 100% ownership of the property.
DISCLOSURE: Property is represented by Lennie Leibenhaut, Sales Agent and Property Owner
CONFIDENTIAL OFFERING MEMORANDUMavailable to
Real Estate Brokers/Agentsand Qualified Buyers
311 CENTERPOINT DRIVE SITE PLAN 3.7 +- Acres 13,086 SF Building 28,000 +- SF New Building Proposed
Site plan representation is proposed only and NEED NOT BE BUILT
