investment opportunity with a fortune 500 company … · investment opportunity with a fortune 500...
TRANSCRIPT
1225 Thomaston Avenue Waterbury, CT 06704
Retail Investment Property For Sale at $765,000.00 OR AS PART OF A TWO PROPERTY PORTFOLIO
INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.
FOR SALE 1225 Thomaston Avenue Waterbury, CT 06704
FOR SALEContents
Page
3
4
5
6
7
8
9
10
17
Property Overview
Portfolio Description
PPG Industries Acquires Painter’s Supply
Location Map
Town Overview
Fact Sheet
Neighborhood Map
Parcel Map
Zoning Regulations IG - City of Waterbury
Confidentiality Agreement
11
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 2
FOR SALE 1225 Thomaston Avenue Waterbury, CT 06704
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
X 100% leased property offers approximately 6,615 SF on .67 acres
X Projected 2018 NOI: $65,052.69 with scheduled increases and 8.5% CAP rate
X Corporate Guarantee from Fortune 500 Company, PPG Industries
X NNN lease with rate increases over the term
X Individual asset from a multi-property portfolio
X Near top national retailers including Target, CVS, McDonald’s, Sears, Subway, Dollar General, Starbucks, Radio Shack, AutoZone, Family Dollar, Kmart, Staples, 7 Eleven and TJ Maxx.
X Located less than one mile from Route 8, Exit 36
Retail Investment Property For Sale at $765,000.00
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 3
FOR SALE Two Property PortfolioPortfolio Description PPG Industries
ABOUT THE PORTFOLIO
Two Locations in Connecticut
Angel Commercial, L.L.C. is pleased to offer the sale of the Connecticut PPG Portfolio consisting of two fully leased properties located in Danbury and Waterbury. The portfolio is for sale in its entirety for $2,448,000 or as individual assets. Total portfolio offers approximately 13,901 RSF. The projected 2018 NOI is $208,168,61with scheduled increases and a CAP rate of 8.5%.
Pittsburgh Paint (PPG Industries) assumed all of the leases within this portfolio as a result of their purchase of Painter’s Supply. As a $15 billion, Fortune 500 company, and global supplier of paints and specialty products, PPG Industries’ recent acquisition of Painter’s Supply strengthens this investment portfolio.
This portfolio offers an investor a rare opportunity to acquire two net leased assets in Connecticut. Each property is well maintained and located near or on main streets with excellent accessibility, visibility, demographics and ample parking. Properties are located within shopping locations and have easy access to major highways.
ABOUT
PPG Industries (DBA, Pittsburgh Paint)
Headquartered in Pittsburgh, PA, PPG Industries (NYSE: PPG) is ranked 183 on the Fortune 500 list (2017) and announced 2016 net sales of $15.178 billion. With approximately 47,000 employees worldwide and 156 manufacturing facilities in 70 countries, PPG Industries is the leading global coatings and specialty products company.
Pittsburgh Paint is only one of PPG Architectural Coatings’ products. Other common products include; GLIDDEN®, LIQUID NAILS®, OLYMPIC® Paints and Stains, PPG PITTSBURGH PAINTS®, and MANOR HALL®. They distribute their products globally and are available at all major home improvement centers including Lowe’s, Home Depot and Walmart.
DANBURY, CT
WATERBURY, CT
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 4
FOR SALE 1225 Thomaston Avenue Waterbury, CT 06704
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
News Release
News release taken from PPG Industries’ website
2014PPG ACQUIRES CONNECTICUT-BASED ARCHITECTURAL PAINT DISTRIBUTOR PAINTER’SSUPPLY
PITTSBURGH, June 2, 2014 – PPG Industries (NYSE:PPG) today announced that its North American architectural coatings business has acquired substantially all of the assets of Painter’s Supply, an independent architectural paint distributor headquartered in Connecticut. Painter’s Supply operates 10 locations in Connecticut and Massachusetts. Financial terms were not disclosed.
“The acquisition of Painter’s Supply supports our dedication to our professional customers,” said Scott Sinetar, PPG vice president, architectural coatings, North America. “A fundamental part of our strategy is to expand distribution to professional painters and contractors.
“Independent dealers continue to be a key distribution channel for our business and our products, which is why we’re investing more in our independent dealers now than ever before. However, when dealers are looking for a partner, PPG is constantly looking for ways to strengthen its network,” Sinetar continued.
PPG Architectural Coatings is an industry leader in residential and commercial coatings and products. The business produces paints, stains and specialty coatings marketed under well-recognized product lines such as the FLOOD®, GLIDDEN®, LIQUID NAILS®, MANOR HALL®, OLYMPIC®, PPG PITTSBURGH PAINTS®, PPG PORTER PAINTS®, PPG Paints and SIKKENS® brands. Its distribution network includes more than 900 company-owned stores in North America, more than 5,000 independent dealer locations and all major home improvement centers.
PPG: BRINGING INNOVATION TO THE SURFACE.™PPG Industries' vision is to continue to be the world’s leading coatings and specialty materials company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Net sales in 2013 were $15.1 billion. PPG shares are traded on the New York Stock Exchange(symbol:PPG). For more information, visit www.ppg.com and follow @PPGIndustries on Twitter.
Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.FLOOD, GLIDDEN, LIQUID NAILS, MANOR HALL, OLYMPIC, PPG PITTSBURGH PAINTS and PPG PORTER PAINTS are registered trademarks of the PPG group of companies.SIKKENS is a registered trademark of AkzoNobel.
Media:Mark Silvey
412-434-3046PPG Corporate [email protected]
Investors:Vince MoralesPPG Investor [email protected]/investor
PPG Acquires Painter’s Supply
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 5
Two Property Portfolio PPG Industries
2
211WhiteStreet,Danbury,CT06810
1225ThomastonAvenue,Waterbury,CT06704
1
DANBURY, CT
WATERBURY, CT
2
1
FOR SALELocation Map
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 6
Waterbury Connecticut 06704
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
Waterbury, CTWaterbury is a city in Connecticut on the Naugatuck River, 33 miles (45 minutes) southwest of Hartford and 77 miles (90 minutes) northeast of New York City. Waterbury is located in New Haven County, Connecticut. As of the 2010 census, Waterbury had a total population of 110,366, making it the 10th largest city in the New York Metropolitan Area, 9th largest city in New England and the 5th largest city in Connecticut
The city is located along Interstate 84 (Yankee Expressway) and Route 8 and has a Metro-North railroad station with connections to Grand Central Terminal. Waterbury is also home to Post University and the regional campuses of the University of Connecticut, University of Bridgeport, Western Connecticut State University as well as Naugatuck Valley Community College.
Although manufacturing remains the mainstay of the Waterbury economy, the city is working toward diversifying its industrial base. New areas include chemical research and services such as banking. Area analysts and real estate brokers consider Waterbury a major Northeast distribution and warehouse center because of its proximity to interstate highways and affordable real estate prices. The commercial/retail segment of the city’s economic base has been substantially enhanced by the development of a large regional mall, and other sizable retail projects.
New Haven County
Connecticut
Waterbury
TOWN OVERVIEW
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 7
FOR SALE 1225 Thomaston Avenue Waterbury, CT 06704Fact Sheet
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 8
INVESTMENT OPPORTUNITY WITH A FORTUNE 500 COMPANY TENANT: 6,615 RSF one-story building on 0.67 acres for sale with ampleparking. Renovated in 2011. Fully leased to a single tenant, PPG Paints (formerly Painter’s Supply) with a corporate guarantee from a Fortune500 company. The projected 2018 NOI is $65,052.69 with an 8.5% CAP rate.
Near top national retailers including Target, CVS, McDonald’s, Sears, Subway, Dollar General, Starbucks, Radio Shack, AutoZone, Family Dollar,Kmart, Staples, 7 Eleven and TJ Maxx. Located less than 1 mile from Route 8, Exit 36.
Also available for sale as part of a 2 Property Investment Portfolio.
Space Available: 6,615 RSF
Total Building Size:
Land:
Real Estate Taxes:
Zoning:
Year Built:
Construction:
Stories:
Tenancy:
Occupancy:
6,615 RSF
0.67 acres
$29,783.48 (2018)
IG
1962, renovated in 2011
Masonry
One
Single
100%
The SiteCap Rate: 8.5%
Projected 2018 NOI: $65,052.69
Financial Information
Traffic Count::
Parking:
8,000 Average Daily Traffic Volume
Ample
Features
Water/Sewer: City/City
Heating: Gas
Utilities
Population: 82,852
Median HH Income: $42,178
Three Mile DemographicsPopulation: 145,073
Median HH Income: $51,889
Five Mile Demographics
FOR SALE 1225 Thomaston Avenue Waterbury, CT 06704
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
Neighborhood Map
1225 Thomaston Avenue
NEAR TOP NATIONAL RETAILERS
INCLUDING:
RetailerDistance (miles)
Subway .5
Target 1.1
Starbucks 1.1
McDonald’s 1.2
RadioShack 1.2
Aldi 1.4
7-Eleven 1.5
Burger King 1.5
CVS 1.6
AutoZone 1.8
Family Dollar 2.7
Staples 3.0
TJ Maxx 3.1
Kmart 3.3
Sears 3.3
Dollar General 4.2
REGIONAL RETAILERS INCLUDING:
Stop & Shop 1.2
Ocean State Job Lot 2.8
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 9
FOR SALE 1225 Thomaston Avenue Waterbury, CT 06704
24
m256.43
d100
m21
6.42
m35
.94
80.5
5+/-
d77.
96
d55.75
121
59+/-
m154.4
m145.92m112.8
m125
d152.11
d79.33
d56.19
d244.63
d99.15
d113.19
d33.2116.77
d149
+/-
149.
16
20.76 Ac
#
43.98 Ac#1245
30.67 Ac#1225
286.6 Ac
#
51.13 Ac#1215
510.5 Ac#1230T H
OM
AST
ON
AVE
City of WaterburyPublic Works Department
0 50 10025Feet
This map is for informational purposes only and has not been prepared for, or suitable for legal, engineering, or surveying
purposes. Users of this information should review or consult the primary data and information sources to verify the usability of the information. The City of Waterbury makes no warranties, express
or implied, as to the use of the information obtained herein.
0115-0024-0003MBL:
ADDRESS: 1225 THOMASTON AVE
Parcel Map
Broker: Jon Angel President
203.335.6600, Ext. 21
ANGEL C O M M E R C I A L , L . L . C .
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals. 10
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
Zoning regulations provided herein are subject to change without notice. Please visit the City of Waterbury website to view current zoning regulations..
CITY OF WATERBURY, CONNECTICUT
ZONING REGULATIONS
ARTICLE 4PERMITTED
USES
Page | 33 Waterbury Zoning Regulations Table of Contents
Section 4.08 Master Use Table
USE CATEGORIES RS12 RS RL RM RH RO CN CO CA CG CBD IG IL IP STANDARDS
RESIDENTIAL USES
Single Family Residence ZP ZP ZP ZP SP ZP SP SP
Two/Three Family Residence SP* SP* SP* ZP
SPZP SP
ZP SP SP 10.02
Multi-Family Residence ZP SP
ZP SP
ZP SP SP SP 10.02
Active Adult Housing SE SE SE SE SE SE SE SE 10.03
Residential Campus Development SE SE SE SE SE 10.04
Planned Residential ConservationDevelopment
SE SE SE SE SE 10.05
Group Living SP SP SP ZP ZP ZP 10.06
Halfway Residences SP SP SP SP 10.07
Short-term Lodging ZP ZP ZP ZP ZP
* two family only, permitted in conjunction with a Planned Residential Conservation Development
WATERBURY, CT - GENERAL INDUSTRIAL DISTRICT (IG)
11
CITY OF WATERBURY, CONNECTICUT
ZONING REGULATIONS
ARTICLE 4PERMITTED
USES
Page | 34 Waterbury Zoning Regulations Table of Contents
USE CATEGORIES RS12 RS RL RM RH RO CN CO CA CG CBD IG IL IP STANDARDS
COMMERCIAL USES
Mixed Use Planned Development SP SP SP SP SP SP SP 10.08
Retail Sales SP SP ZP ZP ZP ZP ZP SP
Package Store SP SP SP SP SP SP 10.09
Eating and Drinking Establishments SP ZP ZP ZP ZP ZP ZP SP ZP SP
Personal, Business and Repair Services SP SP ZP ZP ZP ZP ZP SP
Entertainment Uses SP SP ZP ZP ZP ZP SP SP SP
Large Venue Event Facilities SP SP SP SP SP SP SP 10.10
Shopping Centers SP ZP ZP ZP ZP ZP SP 10.11
Food Processing and Sales SP SP SP SP ZP ZP ZP ZP SP ZP ZP ZP
Adult Establishment ZP 10.12
Recreation Uses SP SP ZP ZP ZP ZP ZP SP SP SP
Social Gathering Places SP SP SP ZP ZP ZP ZP SP
Automobile and Marine Craft Trade ZP SP ZP ZP ZP
44
Section 6-3 Office/Retail General Zone (OR-G)
6-3-1 Purpose: The purpose of the Office/Retail General (OR-G) Zone is to comply with the adopted Comprehensive Plan's recommendation for a zone to allow a mix of predominantly auto-accommodating commercial, office, and retail development andresidential uses within the zone and within individual structures, in areas alreadypredominantly developed for this use. The zone allows a full range of retail and service
Zoning regulations provided herein are subject to change without notice. Please visit the City of Waterbury website to view current zoning regulations..
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
IGZoning Regulations
City of Waterbury Connecticut
12
CITY OF WATERBURY, CONNECTICUT
ZONING REGULATIONS
ARTICLE 4PERMITTED
USES
Page | 35 Waterbury Zoning Regulations Table of Contents
USE CATEGORIES RS12 RS RL RM RH RO CN CO CA CG CBD IG IL IP STANDARDS
Commercial Outdoor Recreation SP SP SP SP SP SP ZP ZP ZP ZP 10.13
Office Uses SP ZP ZP ZP ZP ZP ZP SP SP SP
Medical Office ZP ZP ZP ZP ZP ZP SP SP SP
General Purpose Hospital Campus SE SE SE SE SE SE SE SE SE SE SE SE SE SE 10.14
Inpatient Clinic SP SP SP SP SP
Community Facilities SP SP SP SP SP SP ZP ZP ZP ZP ZP
Day Care Center SP SP SP ZP ZP ZP ZP ZP ZP ZP SP ZP ZP
Schools SP SP SP SP SP SP SP SP SP SP SP
Business and Trade Schools SP SP SP SP SP SP ZP ZP ZP
Colleges or Universities SE SE SE SE SE SE SE SE SE SE SE SE SE SE 10.14
Religious Institutions SP SP SP SP SP ZP ZP ZP ZP ZP ZP ZP 10.15
Essential Public Services ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP
Parks and Open Areas ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP
Kennel SP SP 10.23
44
Section 6-3 Office/Retail General Zone (OR-G)
6-3-1 Purpose: The purpose of the Office/Retail General (OR-G) Zone is to comply with the adopted Comprehensive Plan's recommendation for a zone to allow a mix of predominantly auto-accommodating commercial, office, and retail development andresidential uses within the zone and within individual structures, in areas alreadypredominantly developed for this use. The zone allows a full range of retail and service
Zoning regulations provided herein are subject to change without notice. Please visit the City of Waterbury website to view current zoning regulations..
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
IGZoning Regulations
City of Waterbury Connecticut
13
CITY OF WATERBURY, CONNECTICUT
ZONING REGULATIONS
ARTICLE 4PERMITTED
USES
Page | 36 Waterbury Zoning Regulations Table of Contents
USE CATEGORIES RS12 RS RL RM RH RO CN CO CA CG CBD IG IL IP STANDARDS
Veterinary Services SP SP ZP ZP ZP ZP ZP SP
Wind Energy Conversion Systems
SP SP SP SP SP SP SP SP SP SP SP SP SP SP 10.25.
Crematories SP SP SP SP SP SP SP SP SP SP SP SP SP SP 10.26
INDUSTRIAL USES
Manufacturing and Processing ZP ZP ZP
Industrial Services ZP ZP ZP
Warehouse and Freight Handling ZP ZP ZP
Wholesale Trade SP SP SP SP ZP SP ZP ZP ZP
Limited Vehicle Service Facilities ZP SP ZP ZP ZP 10.16
Agriculture SP SP SP SP SP SP SP SP SP SP
Vehicle Service Facilities SP SP SP SP SP 10.16
Hazardous Industrial Operations SP 10.24
Commercial Earth Excavation SP 10.17
44
Section 6-3 Office/Retail General Zone (OR-G)
6-3-1 Purpose: The purpose of the Office/Retail General (OR-G) Zone is to comply with the adopted Comprehensive Plan's recommendation for a zone to allow a mix of predominantly auto-accommodating commercial, office, and retail development andresidential uses within the zone and within individual structures, in areas alreadypredominantly developed for this use. The zone allows a full range of retail and service
Zoning regulations provided herein are subject to change without notice. Please visit the City of Waterbury website to view current zoning regulations..
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
IGZoning Regulations
City of Waterbury Connecticut
14
CITY OF WATERBURY, CONNECTICUT
ZONING REGULATIONS
ARTICLE 4PERMITTED
USES
Page | 37 Waterbury Zoning Regulations Table of Contents
USE CATEGORIES RS12 RS RL RM RH RO CN CO CA CG CBD IG IL IP STANDARDS
Basic Utilities ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP
Passenger Terminals SP SP SP SP SP SP SP SP SP SP SP
Commercial Parking Structure SP SP ZP ZP ZP ZP ZP SP SP SP 10.19
Surface Parking Lot SP SP SP SP SP SP SP SP SP SP 10.19
Commercial Energy Generation and Storage Facilities
SP SP SP
Wireless Communications Facilities
ZP ZP ZP 10.20
44
Section 6-3 Office/Retail General Zone (OR-G)
6-3-1 Purpose: The purpose of the Office/Retail General (OR-G) Zone is to comply with the adopted Comprehensive Plan's recommendation for a zone to allow a mix of predominantly auto-accommodating commercial, office, and retail development andresidential uses within the zone and within individual structures, in areas alreadypredominantly developed for this use. The zone allows a full range of retail and service
Zoning regulations provided herein are subject to change without notice. Please visit the City of Waterbury website to view current zoning regulations..
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
IGZoning Regulations
City of Waterbury Connecticut
15
CITY OF WATERBURY, CONNECTICUT
ZONING REGULATIONS
ARTICLE 4PERMITTED
USES
Page | 38 Waterbury Zoning Regulations Table of Contents
USE CATEGORIES RS12 RS RL RM RH RO CN CO CA CG CBD IG IL IP STANDARDS
CONDITIONALACCESSORY USES
Home Occupation ZP ZP ZP ZP ZP ZP ZP ZP ZP 10.21
Livestock and Poultry ZP ZP ZP ZP ZP ZP 10.22
Drive Through Service SP ZP ZP ZP SP ZP ZP ZP
Outdoor Display ZP ZP ZP ZP ZP ZP
Accessory Earth Material Excavation*
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP
ZP SP 10.18
Temporary Structures, Short Term ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP
Temporary Structures, Long Term SP SP SP SP SP SP SP SP SP SP SP SP SP SP
Temporary Event ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP ZP
Accessory Packaged Alcohol sales SP SP SP SP SP SP SP SP 10.09
Accessory Energy Facilities SP SP SP SP SP SP SP SP SP SP SP SP SP SP
Accessory Wireless Facilities SP SP SP SP SP ZP ZP ZP ZP ZP ZP ZP ZP ZP
* Removal of more than 500 cubic yards of earth materials per acre or a duration of more than two years requires Special Permit approval by the Zoning Commission
44
Section 6-3 Office/Retail General Zone (OR-G)
6-3-1 Purpose: The purpose of the Office/Retail General (OR-G) Zone is to comply with the adopted Comprehensive Plan's recommendation for a zone to allow a mix of predominantly auto-accommodating commercial, office, and retail development andresidential uses within the zone and within individual structures, in areas alreadypredominantly developed for this use. The zone allows a full range of retail and service
Zoning regulations provided herein are subject to change without notice. Please visit the City of Waterbury website to view current zoning regulations..
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM
IGZoning Regulations
City of Waterbury Connecticut
16
THE TRUSTED SOURCE FOR COMMERCIAL REAL ESTATE
Re: Two (2) Property Portfolio (herein “Properties”)
This will serve to confirm our agreement concerning certain material, data and Information (herein “Evaluation Material”) which the Owner will make available to us for study in connection with a possible purchase by us of the Properties.
The Owner is prepared to furnish us with the Evaluation Material in connection with discussions and negotiations concerning a possible transaction involving the Properties only on the conditions that we treat such Evaluation Material, discussions and negotiations, confidentially and confirm certain representations to you. Therefore as a prerequisite to The Owner furnishing the Evaluation Material to us, we hereby represent and agree as follows:
1. The Evaluation Material furnished to us will be used by us solely for evaluating a possible transaction exclusively for our own account,as principal in the transaction, and not as a broker or agent for any other person. Therefore, we agree to keep all Evaluation Materialstrictly confidential; provided, however, that any such Evaluation Material may be disclosed to our directors, officers or employees, aswell as our counsel, accounting firms and financial institutions who need to know such information for the purpose of assisting us withour possible purchase of the properties. Such directors, officers, lawyers, financial institutions and accountants shall be informed by usto treat such information with strict confidence.
We agree not to copy or duplicate the Evaluation Material and to return the Evaluation Material to the Owner promptly if requested byowner. We agree that the Owner of the Properties will have no adequate remedy at law if we violate any of the terms of this Agreement.In such event, the Owner will have the right in addition to any other right the Owner may have, to seek injunctive relief to restrain anybreach or threatened breach by us or specific enforcement of such terms.
In addition, we agree that we will not disclose and we will direct our representatives who are given access to the Evaluation Materialin accordance with the terms hereof, not to disclose to any person, the fact that the Evaluation Material in accordance with theterms hereof, not to disclose to any person, the fact that the Evaluation Material has been made available to us, that discussions ornegotiations among us and the Owner are now taking place or will take place, or any of the terms, conditions or other facts with respectto the possible acquisition of the Properties.
2. Although the Owner has endeavored to include in the Evaluation Material information which they believe to be relevant for the purposeof helping us in our evaluation of the Properties for possible purchase, we understand and acknowledge that neither the Owner nor anyof the respective affiliates or agents make any representation or warranty to us as to the accuracy or completeness of the EvaluationMaterial. We agree that the Owner, and their respective affiliates or agents shall not have any liability to us as a result of our use ofthe Evaluation Material and it is understood that we are expected to perform and are responsible for such due diligence investigationsand inspections of the Properties, including investigation of any environmental conditions, as we deem necessary or desirable and aspermitted by agreement with the Owner of the Properties.
3. We also represent that we have dealt with no other broker or agent other than Angel Commercial LLC in any discussions involving theProperties.
4. We agree to indemnify, defend and hold, the Owner and their respective affiliates harmless from and against all claims, loss, damagesexpense or liability (including reasonable attorney’s fees) arising from the breach of any of the terms of this Agreement by us or ourRepresentatives.
Company: ____________________________________
Address: ____________________________________
City, State, Zip: ____________________________________
Date: ____________________________________
CONFIDENTIALITY AGREEMENT
The properties covered by this Confidentiality Agreement are defined below:
OWNER PROPERTY
211 White Street, LLC211 White Street
Danbury, CT
H&S Olson of Waterbury, LLC
1225 Thomaston AvenueWaterbury, CT
Name: __________________________________________
Title: __________________________________________
Phone: __________________________________________
Email: __________________________________________
By: ___________________________________________ Signature
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.
2425 POST ROAD, SUITE 303, SOUTHPORT, CT 06890 • TEL 203.335.6600 • FAX 203.335.9900 • WWW.ANGELCOMMERCIAL.COM