Price Upon Req.25,940 SF
Previews: Please call for details. Court Ordered Foreclosure By Sale 25,940+/- sf Building 5.43+/- Acres 500' +/- Norwich Road Frontage Excellent Visibility Located 2+/- Miles from I-395 Docket Number: WWMCV096000759S Samantha Kelley | CT RE Lic. # RES0797294, ME RE Lic. # BA916460, MA RE Lic. # 134740, CO RE Lic. # IR100035273 Last Updated: 02/13/15
Price Upon Req.97,000 SF
CALL FOR ALL OFFERS by February 13th, 5 PM EST. Ideal 1031 Exchange Investment Sale. O,R&L Commercial is pleased to offer for Sale the Northeast Technology Center, a 97,000 SF light industrial / flex park where the majority of the region's science and technology companies are located. The property is 87% leased with major tenants recently exercising options to extend leases.
Well maintained building in prime area with stable tenants which have been in the building for over 10 Years. Please contact the owner for a detailed property description / appraisal report performed by owners bank as a part of banks 5 year review of the property. Net income for property in 2014 is approximately $189,000. Net Income does not include rent for approximately 4000 square feet of the building which is being used by the owner. Approximately 31,000+ square feet is leased to a leading Servpro Franchise / CRS (one of the top 10 franchises of 1500 franchises nationwide) who has been in the building for over 15 years. Approximately 4000 square feet is leased month to month for almost 10 years by All Sales of CT (Used Medical Equipment Dealer). New owner of the building will acquire two stable tenants presently in the building and could acquire additional income from the property by renting unused space (approximately 4500 square feet) or using approximately 4000-9000 square feet for themselves. Building is serviced by 10 overhead trucking docks (4 drive-in and 6 dock-height)
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