Broker of Record Kyle Matthews License No. REB.0790986 (CT) Matthews Real Estate Investment Services 841 Apollo Street Suite 150, El Segundo, CA 90245 (310) 919-5757
New 5-year Extension – United Rentals recently executed a 5-year lease extension as of November 1, 2018 showing excellent tenant security.
Recent Building Updates – ±$400,000 in renovations put into the facility and yard by tenant. Including site and concrete work & separator, electrical upgrades, mechanical equipment among other improvements. Showing strong tenant commitment to the location.
Strong Location – Located in the New Haven MSA directly off Hwy 8, which is the main highway between Bridgeport and Waterbury.The site is located just less than 30 minutes from Yale University and downtown New Haven.New Haven is the state’s largest distribution city and fourth largest economy in New England with vacancy rates just above 4.0%.
Building above market standards – Building Features – Built in 2006, this 13,500 SF facility sits on a large 8.08-acre lot, providing extensive space for outside storage. The site is improved with a one-story, prefabricated metal and steel frame, office/warehouse, and standing seem metal roof. Site improvements include a macadam paved and gravel parking and driveway area, wall mounted lighting, and landscaping.
Investment Grade Tenant – United Rentals, a Fortune 500 company, is the largest equipment rental company in North America.It owns the largest rental fleet in the world and has almost 1,000 locations across 49 states and throughout Canada.In 2017 alone, United Rentals’ revenue totaled more than $6.6 billion.
United Rentals: Trench Safety Program – This site is part of United Rentals Trench Safety Training Program, which exceeded 100,000 construction workers trained in confined space entry and excavation safety.United Rentals is the nation’s largest provider of trench safety training programs.