Catylist ID: #30325343
Fully air-conditioned industrial space near airport
Industrial for Lease
|Catylist Listing ID:||30325343|
|Property Subtypes:||Light Industrial|
|Contiguous Space:||4,000 - 11,000 SF|
|Total Available:||15,000 SF|
|Building Size (RSF):||11,000 SF|
|Gross Building Area:||38,009 SF|
|Gross Land Area:||2.72 Acres|
$3.50 - 3.95 PSF (Annual)
|Base Monthly Rent:||$1,316 - 3,208|
|Docks/Doors:||2 Docks (Varies by space)|
|Office SF:||2,500 SF|
|Drive In Bays:||1 Bay (Varies by space)|
|Usable Size (USF):||11,000 SF|
Overview / Comments
Fully air-conditioned industrial building. Heavy power available. Drive-in door plus 2 common loading docks. 50 parking spaces. Located in the Bradley Airport Development Zone. Very good highway access to I-91 via CT Rt 20 & CT Rt 75.
The Bradley Airport Development Zone extends enterprise zone tax incentives to manufacturers and other specified businesses that develop or acquire property in the zone and create jobs.
A business qualifies for BADZ's the tax incentives if it acquires an idle facility or constructs, substantially renovates, or expands one and uses the facility for specified uses. Eligible uses include:
Manufacturing; Performing research and development directly related to manufacturing;
Significantly servicing, overhauling, or rebuilding machinery and equipment for industrial uses.
Warehousing and motor freight distribution uses qualify for the incentives, but only if they handle goods shipped by air. Business services, including information technology, also qualify for incentives if the Department of Economic and Community Development (DECD) commissioner determines they depend upon or relate directly to the airport.
Newly constructed, renovated, or expanded facilities qualify for an exemption based on the value of the improvement. The exemption equals 80% of improvement's assessed value and it is good for five years. Acquired facilities qualify for the same exemption, but it is based on the assessed value of the acquired section. This exemption is also good for five years. Businesses developing or acquiring a facility in the BADZ also qualify for a five-year, 80% exemption on assessed value of machinery and equipment it installs in the facility as part of its development or acquisition.
Businesses that qualify for the property tax exemptions also qualify for a 10-year corporation business tax credit equal to the portion of the tax attributable to the facility. (The law specifies how businesses must calculate that amount.) The credit equals 25% of the tax.
Expand All 2 Spaces Available
|Suite: 104||11,000 SF||$3.50 PSF (Annual) NNN|
|Suite: 105||4,000 SF||$3.95 PSF (Annual) NNN|
|Nearest MSA:||Hartford-West Hartford-East Hartford|
|Taxing Authority:||Windsor Locks, CT|
|Property Located Between:||Ella Grasso|
|Highway Access:||I-91 via CT Rt 20 & CT Rt 75|
|Airports:||Bradley International Airport|
|Site Description:||Level property with loading docks and drive-in doors.|
|Area Description:||Airport industrial area with mixed service business's along Rt 75|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Construction/Siding:||Block, Brick, Metal Siding, Steel Frame|
|Exterior Description:||Modern steel panels above masonry|
|Parking Description:||modern parking lots|
|Total Parking Spaces:||50|
|Heat Type:||Natural Gas|
|Heat Source:||Ceiling Units|
|Air Conditioning:||Package Unit|
|Interior Description:||Modern fully air-conditioned industrial building. Heavy power available. Drive-in door plus 2 common loading docks.|
|Proximity:||1 mile||3 miles||5 miles|
Frank Amodio, CCIMAmodio & Co Real Estate CTCList Member
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