Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1940
Tenure Type Freehold
Building Area
Land Area

Property Description

JLL is pleased to exclusively offer the opportunity to acquire a fee simple, net-leased office property (the “Property“ or the “Asset”) in Willimantic, CT. The Property is strategically located in close proximity to several university systems as a key service partner through clinical trials and school-funded research. Headquartered in nearby Wilmington, MA, Charles River Labs has a longstanding history in the region and has an intensive site selection process. As a result, the tenant has consistently invested significant capital into the subject location to maintain a high company standard and to stay up to date on changing technologies within its field in addition to executing an early lease extension. This offering presents the rare opportunity for an investor to acquire industry-leading tenancy at an extremely attractive yield profile. 

Investment Highlights

  • Demonstrated commitment with significant tenant investment
  • Recent tenant extension at market rental rates
  • Low price point and passive lease structure with annual bumps
  • One mile from Eastern Connecticut state university
Last Updated Date: 27 Jul 2020
Eric Suffoletto
Eric Suffoletto
Senior Director, Capital Markets
License details
IL-475.14702
Michael Restivo
Michael Restivo
Director, Capital Markets
License details
MA-9560857

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Last Updated Date: 27 Jul 2020

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