Industrial for Sale
Catylist Listing ID: 30421312
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 21,840 SF
Gross Building Area: See Agent
Gross Land Area: 6.60 Acres
Sale Price: $850,000
Unit Price: $38.92 PSF
Ceiling: 14 ft. / 12 ft. Clear
Docks/Doors: 8 Doors
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 21,840 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2020

Overview / Comments

Excellent owner/investor opportunity..Approximately 12,000 is available to new owner, keeping two major tenants in place. Pro forma cap rate in the 9's. Two separate buildings. Original listing price $1,370,000.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Highway Access: Two minutes to Interstate 395 and CT Route 2 (Interstate connector).
Airports: Bradley and Green
Site Description: Level. Ample room for tractor/trailers and auto parking.
Area Description: Surrounded by light industrial users.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1988
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Unpaved and unmarked.
Eave Height: 12
Column Spacing: 40
Sprinklers: Wet
Amps: 400
Volts: 440
X-Phase: 3
Heat Type: Propane
Heat Source: Ceiling Units
Lighting: Fluorescent
Internet Access: Cable, Satellite
Interior Description: Concrete floors. Few partitions.
Zoning Description: Numerous light industrial uses permitted.
Water Service: Municipal, Well
Sewer Type: Septic
Land Ownership: owned
Legal Description: available

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,661 47,730
Median Age: 41.65 38.89
Households: 3,802 19,249


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