New Milford, CT Industrial Property For Sale

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Industrial for Sale

New Milford, CT 06776

Industrial for Sale

New Milford, CT 06776

Great opportunity to own in downtown New Milford. This commercial condo is currently a woodworking operation with 200 amp / 3 phase power, 11’ ceilings, dust collector and double door loading area.

Industrial for Sale

New Milford, CT 06776

Level .45 acres with 75’ of road front on Route 7. Highly sought after B-2 zone which allows auto related services, retail and office. Site has city water. City sewer and gas are available in the road.

Industrial for Sale

New Milford, CT 06776

INVESTMENT SALE at $5,250,000 - 7.40% Cap Rate - 9 to12% Cash on Cash over 5 Yrs. This 63,967 s.f. industrial building built in 1956 on 8 acres. Edelman Leather Company (a subsidiary of Knoll, Inc.) is the anchor Tenant for 15 years and has 4.5 years remaining on its latest lease extension. There are also approximately 7,100 s.f. currently available for lease at $5.95 s.f. NNN. Possible lease expansion to 25,000 s.f. The available space has 16’ ceiling and two bathrooms. The 2020 Per Forma estimates the NOI at $373,181.

The property has 700' of frontage and 500’ deep on Pickett District Road and located adjacent to Kimberly Clark. The building footprint is 61,156 with a 2800 s.f. cafeteria mezzanine. The roof age is estimated at 12 years. Ceiling height in warehouse areas estimated at 18'. The building is sprinklered, has HVAC in most areas, and has public water, septic, and gas.

The property is ideally located on Pickett District Road with great access to a 4 lane highway (Route 7). The property is zoned RI (Restricted Industrial) in central New Milford. Possible 40,000 s.f. expansion possible on site. There is excellent on-site paved parking for fleet vehicles, trucks, and employee cars. It has 4 loading docks and two drive in-doors. There is also a tractor-trailer handling area with easy access to 4 docks and two drive-in doors. Heat is provided with gas, electric is sub-metered, city water, septic, 277/480 volts, and full sprinklers.

Call Mike Struna or Chris Cosio for an appointment and tour the building today…… 203-798-9345

Industrial for Sale

New Milford, CT 06776

Fully Leased commercial property on Route 7 in New Milford, CT .

Great location near Home Depot, Walmart, Super Stop and Shop, Panera Bread, Kohls, Verizon, & Aldi’s. 6.7% return with the current long term tenants.

Recent Improvements:

2018: New siding and roof rear building

2019: New siding front building

2017-2020: HVAC in all units front bldg

2018-2020: Various interior upgrades

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