97 Leetes Island Rd - Manufacturing FOR SALE


Branford, CT 06405
$2,600,000 USD
312-224-3160
97 Leetes Island Rd, Branford, CT for Sale
$2,600,000 USD
Manufacturing - FOR SALE
1/2
null | 9% Cap Rate

97 Leetes Island Rd
Branford, CT 06405


HIGHLIGHTS

  • 20 Year Lease with Company Founded in 1954
  • Absolute NNN Lease Structure - No Landlord Expense Responsibility
  • Annual 2% Rental Escalations - Inflationary Hedge

OVERVIEW

On behalf of Ownership, Newmark is pleased to present qualified investors with the opportunity to acquire the mission-critical headquarters of The Wilson Arms Co. (the “Tenant”), a leading gun barrel manufacturer with a 70-year operating history. Located at 97-101 Leetes Island Road in Branford, Connecticut (the “Property”), the investment opportunity will feature a brand new, twenty (20) year lease signed by the Tenant upon the close of escrow. The lease will be absolute NNN in nature and will feature annual rental increases of two percent (2%). The Property features 16,000 square feet of light manufacturing space with significant tenant investment / build-out and 2,000 square feet of office space.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Year Industrial Sale Leaseback

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75

LAND SF

76,230

ZONING

IG-2

APN/PARCEL ID

BRAN-000005H-000003-000016

ASK ABOUT THIS PROPERTY

Andy GallasNewmarkMore Info
312-224-3160

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Andy GallasNewmarkMore Info
312-224-3160

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