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Approved Warehouse Space For Lease
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120 Hay Road, Wilmington, DE 19809

Class A warehouse or industrial outdoor storage available for lease.

Space SizeContact for details
Property Size171,940 SF
Days on Market162

Property Features for 120 Hay Road

General Information

Standard status Active
Size 171,940 SF
Property subtype Industrial
Listing Agency: NAI Mertz - Corporate
Listed By: Scott Mertz, SIOR
Source: Naiglobal
Added: Feb 26 Changed: Jul 10 Last Checked: Aug 6 at 5:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Mertz - Corporate

Investment Insights

Based on property information with market context.

This fully approved property offers a Class A warehouse available for lease, suitable as a 171,940 ± square foot light industrial or warehouse space, or as 1 to 12 acres of industrial outdoor storage. The property features 191 lined employee parking spaces and 30 trailer parking stalls. Loading is facilitated by 34 tailgates and 2 drive-in doors. The warehouse has a ceiling height of 36 feet and a column spacing of 53 feet by 53 feet, with a 60-foot speed bay. It is equipped with a minimum of 2500 amps of 277/480V, 3-phase, 4-wire power, LED lighting providing a minimum of 20 foot-candles, and ESFR fire suppression. The office area measures approximately 6,500 ± square feet.

Key Highlights

  • Fully approved Class A warehouse ideal for light industrial/warehouse use or industrial outdoor storage (IOS).
  • Benefit from the high 36' ceiling height and efficient column spacing.
  • Substantial loading capacity with 34 tailgates and 2 drive‑in doors.

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

73
Businesses Nearby
Well-served
Demand for This Use

Demographics for 19809, DE

14,658
Population
6,531
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,156
Density / Sq Mi
$85,988
Median Household Income
$56,266
Median Earnings
$1,373
Median Rent
$308,900
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Warehouse - Class A warehouse or industrial outdoor storage available for lease.
Where is this warehouse located?
The property is located at 120 Hay Road Wilmington, DE.
What are key features of this property?
This property features: Fully approved Class A warehouse ideal for light industrial/warehouse use or industrial outdoor storage (IOS).; Benefit from the **high 36' ceiling height** and efficient column spacing.; Substantial loading capacity with **34 tailgates** and 2 drive‑in doors.
More about this property
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