Investment Overview

Marcus & Millichap is pleased to present this United Rentals property located in Bloomfield, Connecticut, a suburb of Hartford, Connecticut. The subject property is a 27,440-square-foot facility sitting on 7.01 acres located off West Dudley Town Road on Southwood Drive. United Rentals has occupied this space since 2008, but the property has an extensive history as an equipment rental location prior to occupancy by United Rentals. United Rentals has recently signed a new six-year lease renewal. There are approximately four and one-half years remaining on a Triple Net (NNN) lease, as well as three, five-year options to renew which include 10 percent increases at the time of each renewal. The facility was constructed in 1981 and features a slab foundation with pre-finished metal exterior walls with brick façade. There are three dock doors and seven drive-in doors. Bloomfield is located in central Connecticut, just 10 minutes west of the state capital, Hartford. It is easily accessible to Bradley International Airport and interstates 84 and 91. Bloomfield is a picturesque Connecticut village, graced with rural beauty, abundant land, quality schools, dynamic commercial building projects, and a highly educated workforce. It offers an unmatched opportunity for businesses seeking a strategic location in New England, with the largest tract of undeveloped industrial land in the Capital Region. Known nationally for its role in the American insurance industry, the Hartford metro is composed of three counties in the center of Connecticut and houses the state capital in Hartford proper, as well as the University of Connecticut and houses the state capital in Hartford proper, as well as the University of Connecticut in Storrs. Overall, the region has a diverse economic background, including aerospace, hydrogen/fuel cell technology, laser manufacturing and health care industries. Collectively, over half a million people are employed in local industries. United Rentals is the largest equipment rental company in the world. The company has an integrated network of 1,487 rental locations in North America, 14 in Europe, 23 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Connecticut.