36 Kenosia Ave, Danbury, CT 06810
Located near the Danbury Airport, this industrial warehouse has several clear span units with individual loading doors. At the time of purchase, the building was leased to a single tenant who quickly defaulted. We divided the space by putting in fire proof demising walls and additional loading areas. Additionally, we painted the building, upgraded it's facade and redisgned the parking area.
51,000 SF
Industrial
- Acquistion price
- Stabilized Value
A multi tenant industrial building that we converted.
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36 Kenosia Ave was single tenant property at the time of acquisition. The building was occupied by a tenant on a triple net lease that quickly defaulted. The building's layout and construction were ideal for demising, and after the tenant vacated, we demised the space to create a multi-tenant industrial complex. This allowed for decreased risk of defaults in the future, and for premium pricing due to the smaller unit sizes.
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