22 Kreiger Lane

CBRE has been retained as the exclusive sales representative for the fee simple interest of the Kreiger Lane Industrial Portfolio (the “Portfolio”), a collection of 5 small-bay industrial buildings across 3 properties comprising 42,860 square feet at 22, 27 & 77 Kreiger Lane in Glastonbury, Connecticut.

Built between 1987 and 1990 of durable masonry construction, the Portfolio offers granular, multitenant suites with grade-level loading — the small-bay product profile that is the most supply constrained and most sought-after segment of the industrial market. The 97% leased Portfolio features 25 tenants across 24 suites plus 20 leased storage units, and in-place rents approximately 26% below market provide a clear, near-term runway for NOI growth as leases roll.

Positioned along the Route 2 corridor with immediate access to I-84 and I-91, Glastonbury pairs an affluent demand base with tightly limited industrial zoning and availabilities. Virtually no new small-bay construction is economically feasible at today’s costs, insulating in-place cash flow and supporting continued rent growth.

The Kreiger Lane Industrial Portfolio presents the rare opportunity to acquire critical mass on a single street in one of Greater Hartford’s most desirable towns.

Please call for pricing.

Transaction Summary:
Total Portfolio SF: 42,860
Wtd. Average Year Built: 1988
Loading: 25 Drive-In Doors
Leased Storage Units: 20
Number of Tenants: 24
Occupancy: 95%
Mark-to-Market: 26%
WALT: Less than 1 Year