Single-Tenant Masonry
For Sale
Contact for pricing
Pending
124 Costello Rd, Newington, CT 06111
Leased to Ferguson under a modified triple net structure with a corporate guarantee.
Property Size14,122 SF
Lot Size4.77 Acres
Days on Market142
Property Features for 124 Costello Rd
General Information
Standard status
Pending
Size
14,122 SF
Total Parking Spaces
25
Lot size
4.77 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18.6 ft
Dock-High Doors
2
Drive-In Doors
3
Additional Details
Cap Rate
7%
Building Details
Year Built
1985
Year Renovated
2005
Buildings
1
Building Size
14,122 SF
Construction
masonry
Tenancy
Single
Listing Agency:
Kidder Mathews
(310) 893-3397
Listed By:
Ryan Sharpe · License #CA 01940376
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 4:26PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This single-tenant warehouse contains approximately 14,122 square feet on a 4.77-acre site. Built in 1985 and renovated in 2005, the building uses masonry construction and provides a 22-foot eave height with 18.6-foot clear height. Loading is supported by three grade-level drive-in docks and two flush loading docks, while 25 parking spaces serve the property.
Ferguson occupies the building under a modified triple net lease backed by a corporate guarantee. The tenant has operated at this location for almost 25 years, and more than six years remain on the current lease term. The property is positioned along a dense retail corridor in Newington, near Target, Walmart, Lowe’s Home Improvement, and other national retailers.
The current cap rate is 7%, providing an additional metric for evaluating the leased industrial asset. Its combination of established tenancy, loading infrastructure, and substantial land area supports continued warehouse operations.
Ferguson occupies the building under a modified triple net lease backed by a corporate guarantee. The tenant has operated at this location for almost 25 years, and more than six years remain on the current lease term. The property is positioned along a dense retail corridor in Newington, near Target, Walmart, Lowe’s Home Improvement, and other national retailers.
The current cap rate is 7%, providing an additional metric for evaluating the leased industrial asset. Its combination of established tenancy, loading infrastructure, and substantial land area supports continued warehouse operations.
Key Highlights
- Approximately 14,122 square feet on 4.77 acres
- Leased to Ferguson with a corporate guarantee and modified triple net structure
- More than six years remaining on the lease term
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 06111, CT
30,536
Population
13,334
Households
2.3
Avg Household Size
45
Median Age
40%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,349
Density / Sq Mi
$98,585
Median Household Income
$54,916
Median Earnings
$1,487
Median Rent
$279,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 120 Berlin Tpke, Berlin, CT 06037
- CubeSmart Self Storage — 26 Maselli Rd, Newington, CT 06111
- CubeSmart Self Storage — 175 Costello Rd, Newington, CT 06111
Frequently Asked Questions
What type of property is this?
Warehouse - Leased to Ferguson under a modified triple net structure with a corporate guarantee.
Where is this warehouse located?
The property is located at 124 Costello Rd Newington, CT.
What are key features of this property?
This property features: Approximately 14,122 square feet on 4.77 acres; Leased to Ferguson with a corporate guarantee and modified triple net structure; More than six years remaining on the lease term
