291 Pepes Farm Rd - Warehouse FOR SALE


Milford, CT 06460
$2,800,000 USD
203-335-6600
291 Pepes Farm Rd, Milford, CT for Sale
$2,800,000 USD
Warehouse - FOR SALE
1/11
null | 8.03% Cap Rate

291 Pepes Farm Rd
Milford, CT 06460


HIGHLIGHTS

  • Strategic Location: Situated minutes from Interstate 95, providing convenient access to major transportation routes.
  • Building Specifications: The property includes a well-maintained industrial building suitable for various uses.
  • Lot Size: The property encompasses a substantial lot, offering ample space for operations and potential expansion.
  • Zoning: Located in an industrial zone, accommodating a wide range of business activities.
  • Accessibility: Features easy access for trucks and deliveries, enhancing logistical efficiency.
  • Proximity to Amenities: Close to local amenities and services, beneficial for employees and business operations.

OVERVIEW

Angel Commercial, LLC, as the exclusive broker, is offering for sale 291 Pepes Farm Road in Milford, CT, listed at $2,800,000. The property is fully leased to a full-service electronics assembly manufacturing company, CCK Automations, LLC (doing business as “OSDA”). They have a NNN lease with annual escalations through July 31, 2030, generating an average Net Operating Income (NOI) of $224,839 per year over the six-year term, with a cap rate of 8.03%. This freestanding industrial flex building, built in 1985, spans 17,539 SF on 1.66 acres in a Light Industrial (LI) zone. It is fully air-conditioned and features warehouse space with a 14' ceiling height, six private offices, an open office area with a reception desk, a training room, a kitchenette / breakroom, and four restrooms. The property also includes two loading docks with levelers, making it highly functional for a variety of industrial and commercial uses. With handicap accessibility, prominent signage, and 32 parking spaces, it offers both convenience and visibility. Strategically located just 1.5 miles from I-95 (Exit 40) and 4.7 miles from the Merritt Parkway (Exit 55), the property provides easy access to major highways. It is also 3.9 miles from Milford Train Station, 10.5 miles from Sikorsky Memorial Airport, and 16 miles from Tweed New Haven Airport, ensuring excellent connectivity for logistics and transportation. It is near the Connecticut Post Mall, the largest mall in the state with over 1.3 million square feet of space anchored by Macy’s, Target, Boscov's, Dick's Sporting Goods, and LA Fitness. It is also near Walmart, Home Goods, Lowe’s, Cracker Barrel Country Store, Hilton Garden Inn, Holiday Inn Express, and M&T Bank. This industrial flex property benefits from a stable, long-term tenant, ensuring reliable income for the foreseeable future. The building’s versatile design supports both office and warehouse functions, appealing to a wide range of potential future uses. Additionally, its proximity to major retailers and hotels offers employees and visitors convenient access to amenities and services. For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.? 21.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.66

LAND SF

72,310

ZONING

LI

APN/PARCEL ID

MILF-000080-000711-000039E-F000000

ASK ABOUT THIS PROPERTY

Jon AngelAngel Commercial, LLCMore Info
203-335-6600

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Jon AngelAngel Commercial, LLCMore Info
203-335-6600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.