96,132 SF NNN LEASED INDUSTRIAL WAREHOUSE//SORTING FACILITY

Industrial for Sale
Catylist Listing ID: 30716998
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 96,132 SF
Gross Building Area: 5 SF
Gross Land Area: 5.50 Acres
Sale Price: $7,361,576
Unit Price: $76.58 PSF
Ceiling: 26 ft.
Docks/Doors: 7 Docks, 9 Doors
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 96,132 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

5.5 Acres, 523.85 feet of frontage on Wisconsin Ave, Zone: BP , 80,000 SF of paved asphalt, 97 parking spaces, Sewer, Natural Gas, City Water, Located in the Norwich Business Park, Located in federally-recognized Foreign Trade Zone (FTZ) – allows companies to defer or in some cases eliminate customs duties on foreign products. 7 docks, 2 drive-ins, 96,132 Industrial SF.The tenant has been in business over 100 years and moved in first in 2002 and as of 2018 now occupies the entire building.

Current Tenants

Tenant Business Name S&S Worldwide
Is Renting? Yes
Year Founded 1906
SF of Space Occupied 96,132 SF

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 267 4 3
Zoning: BP
Highway Access: I395
Site Description: 5.5 Acres, 523.85 feet of frontage on Wisconsin Ave, Zone: BP
Area Description: Located in the Norwich Business Park, Located in federally-recognized Foreign Trade Zone (FTZ) – allows companies to defer or in some cases eliminate customs duties on foreign products
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1970
Year Renovated: 2019
Roof Type: Flat
Parking Type: Surface
Parking Description: 80,000 SF of paved asphalt, 97 parking spaces,
Total Parking Spaces: 97
Sprinklers: Dry
Amps: 1,500
Volts: 480
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,259 21,686 51,349
Median Age: 35.52 39.13 39.15
Households: 607 8,803 20,859

Contact

Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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