87 Meadowland Dr - Industrial FOR SALE


South Burlington, VT 05403
$9,000,000 USD
802-324-0937
87 Meadowland Dr, South Burlington, VT for Sale
$9,000,000 USD
Industrial - FOR SALE
1/10
null | 11% Cap Rate

87 Meadowland Dr
South Burlington, VT 05403


HIGHLIGHTS

  • Ample in place infrastructure including water, electrical power, natural gas, storm water, parking, loading docks and more.
  • Single tenant occupancy with long standing Lane Press Manufacturing leasing the entire facility.

OVERVIEW

87 Meadowlands Drive is a 180,710 square foot corporate manufacturing, warehouse, and distribution facility constructed in multiple phases over the last 40 years with the initial 1981 building being 65,000 SF office and manufacturing building for Micron Computers. Additions added in 1987, 1993, and 1998 as Lane Press took over and expanded the facility for their growing printing press operation. The facility is well situated on a 31.26 acre site which includes 11,000 SF offices on two levels, manufacturing, high bay warehouse, shipping and receiving, several parking fields for employee, guest parking, and tractor trailer access to 11 loading docks in multiple strategic locations. Opportunity to own a fully occupied industrial facility in a central Chittenden County, Vermont location. 25,000 SF of finished office 34,00 SF of semi-finished manufacturing 110,000 SF of manufacturing, warehouse, receiving and delivery areas In Place Income/Short Term Lease — $824,460 Projected Long Term Income/NOI — $1,100,000 Projected Cap Rate— 11%

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

UTILITIES

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

CLEAR CEILING HT

26 Ft

DOCKS

13

DRIVE INS

-

PARKING SPACES

298

LAND DETAILS

LAND ACRES

31.26

LAND SF

1,361,686

ZONING

IND

APN/PARCEL ID

600-188-13498

ASK ABOUT THIS PROPERTY

Steve DonahueDonahue & AssociatesMore Info
802-324-0937

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Steve DonahueDonahue & AssociatesMore Info
802-324-0937

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