Property summary
This exceptional investment opportunity presents a fully leased, 15,814 square foot industrial building situated on a 1.08-acre lot in Wallingford, Connecticut. The property, located at 1262 Old Colony Road, boasts a single-story structure with an additional 1,176 square feet of office space, providing ample room for various operational needs. Built in 1968 and renovated in 2012, the building features three loading docks and one drive-in door, ensuring efficient material handling. The 10' 6" clear ceiling height accommodates diverse storage and manufacturing requirements. The property benefits from 50 parking spaces and is zoned T30, offering flexibility for future uses. Currently operating under a triple net lease with a Fortune 500 tenant, this investment provides a stable and secure income stream. The property's prime location offers excellent visibility and high traffic counts, further enhancing its investment appeal. The 100% occupancy rate ensures immediate cash flow, making this a compelling opportunity for discerning investors seeking a strong return on investment in a desirable Connecticut market. The property's features include fully functioning air conditioning throughout the building. The address is 1262 Old Colony Rd, Wallingford, CT 06492.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Production Facility
Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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