120 Moscrip Ave, Flex Space, Industrial

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30192590
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Self Storage
Status: Pending/Contingent
Building Size (RSF): 45,712 SF
Gross Land Area: 4.89 Acres
Sale Price: $2,700,000
Unit Price: $59.07 PSF
Docks/Doors: 6 Doors
Property Use Type: Business
Usable Size (USF): 45,712 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

45,000+ SF Building on 4.89 Acres in the Quonset Business Park (QBP). Block and Steel Building (shell) constructed in 2015 consist of approximately 20% office/flex and 80% warehouse with +24' ceilings and 35'x35' column spacing, 6 proposed loading docks, and 2 drive-in doors . Property abuts an active rail line. Property being sold "as is". Buyer to assume finishing the building as desired. Utilities include water, sewer, electric, Internet. QBP offers an airport, rail system, and deep water dock and shipping. Within the park is an 18 hole golf course and private marina. QBP offers 6 year tax phase-in and no inventory taxes. QBP is in the Foreign Trade Zone #105. Major tenants include: Banneker Industries, Dominion Diagnostics, Electric Boat Corporation, Greencore Group, Hayward Industries, Hexagon Metrology, North Atlantic Distribution Inc., Ocean State Job Lot, Senseco Marine, and Toray Plastics.

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: North Kingstown
Highway Access: Quonset Point Business Park is accessible to Interstate 95, from Routes 4 and 403. Approximately 6 miles from Interstate Route 95, 10 miles to Interstate 295,
Rail Access: Yes
Airports: TF Green and Quonset
Site Description: 120 Moscrip Avenue is a 45,712 SF Shell Building available for custom fit-out on 4.89 Acres in the Commerce Section of Quonset Business Park (QBP). Site is level and rough graded. Site plan is available upon request. Building shell was constructed in 2015. Parking lot and finish landscaping are not completed.
Area Description: located in Quonset Business Park (QBP), in North Kingstown, RI home to over 200 companies and 10,000 employees. The park recently upgraded air, port, and rail access for tenants. One of the premier business parks in New England. Major Tenants in QBP, Banneker Industries, Dominion Diagnostics, Electric Boat Corporation, Greencore Group, Hayward Industries, Hexagon Metrology, North Atlantic Distribution Inc. (NORAD), Ocean State Job Lot, Senseco Marine & Toray Plastics America. The QBP is managed by the Quonset Development Corp. Over $297 million of private investments in the park since 2004.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2015
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Exterior Description: Stand alone Steel building, Flat Roof, two drive-in doors, Six loading docks planned, Water & Sewer provided by Quonset Business Park. 3 Phase 480V Electrical available.
Parking Type: Surface
Parking Description: Site plan available on request
X-Phase: 3 phase
Interior Description: New construction (2015) Shell available, with Flex space. Building interior is unfinished and being sold "as is" and available for custom fit-out. Structure is ideally suited for light manufacturing/distribution. Available for custom fit-out. Installation of Electric, Heat/A-C, Lighting are the responsibility of buyer. 10,000 - 42,000 SF available, Column Spacing 35' x 35' with flexible loading, 3 Phase Electric.
Zoning Description: Light Industrial; Quonset Business Park District
Water Service: Other
Sewer Type: None
Land Ownership: QP, LLC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,313 17,488 40,561
Median Age: 39.26 44.5 45.06
Households: 939 7,108 16,314


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