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
Lease Rate: $3.50 - 3.95 PSF (Annual)
Base Monthly Rent: $1,316 - 3,208
Lease Types: NNN
Docks/Doors: 2 Docks (Varies by space)
Office SF: 2,500 SF
Drive In Bays: 1 Bay (Varies by space)
Building Name: WMG
Usable Size (USF): 11,000 SF
Last Updated: 10/26/2018

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

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Hartford
Taxing Authority: Windsor Locks, CT
Tax ID/APN: 66
Zoning: IND1
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
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1987
Roof Type: Flat
Construction/Siding: Block, Brick, Metal Siding, Steel Frame
Exterior Description: Modern steel panels above masonry
Parking Type: Surface
Parking Description: modern parking lots
Total Parking Spaces: 50
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Modern fully air-conditioned industrial building. Heavy power available. Drive-in door plus 2 common loading docks.
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,459 21,530 67,207
Median Age: 43.68 42.42 42.07
Households: 973 7,934 26,423

Contact

Photograph of Listing Agent

Frank Amodio, CCIM

Amodio & Co Real Estate CTCList Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Hartford Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.