Industrial Mill Complex

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30293661
Property Subtypes: Cold Storage, Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 540,272 SF
Gross Building Area: See Agent
Gross Land Area: 19.75 Acres
Sale Price: $3,375,000
Unit Price: $6.25 PSF
Ceiling: 18 ft.
Docks/Doors: 20 Docks
Office SF: 6,500 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2020

Overview / Comments

This industrial mill complex is formally the distribution center for the Benny’s Stores of Rhode Island. The site is just shy of 20± acres and has over 540,272± square feet of useable space. The main mill building is about 400,572± square feet and features an elevator, fifteen (15) loading docks on the first floor and five (5) loading docks on the second floor and two conveyer belts. The property has an on-site generator, is fully sprinklered and has a finished office area of 6,500± square feet. There are multiple industrial out buildings, including thirteen industrial sheds and a single story wood shop. There is a long term lease by a cellphone company on the smoke stack. All other tenants on the property are month to month leases. The property is located just one mile from the Route 44 and I-295 intersection, just before Waterman Avenue turns into Farnum Pike.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: SM 25-43
Zoning: LI - LIGHT INDUSTRIAL
Tenancy: Multiple Tenants
Property Condition: Good
Year Built: 1906
Parking Type: Surface
Amps: 1,600
Volts: 600
X-Phase: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,482 63,320 239,896
Median Age: 40.28 43.37 35.6
Households: 1,598 26,544 88,568

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