Industrial Flex Campus with Rail
315 Morgan Lane West Haven, CT 06516
For Sale
$6,000,000
COMMERCIAL - West Haven, CT
Property Size54,448 SF
Lot Size5.32 Acres
Price / SF$110.20
Days on Market236
Property Features for 315 Morgan Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LM
Bathrooms
7
Rooms
Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 3, Bathroom 1
Parking
70
Interior features
Fire Suppression System
Exterior features
Storage Building,Awnings,Doors - 20+ ft,Gutters,Lighting,Loading Dock/Grade,Outside Storage Area
Standard status
Active
Size
54,448 SF
Lot size
5.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
64308
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
2
Flooring type
Concrete, Carpet - Full, Vinyl, Plywood, Tile
Additional Structures
Storage
Listing Agency:
Rupwani Associates
(203) 888-1380
Listed By:
Rupi Rupwani
(203) 577-8346
Added: Dec 3, 2025
Changed: Jul 26
Last Checked: Jul 27 at 9:06AM
MLS# 24143093
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial flex campus offers a mix of office and warehouse/service facilities, including two office buildings, a heavy truck service garage with lift, and a 6-bay garage. An open storage shed and a large warehouse support a range of operational uses. The property also includes above-ground fuel storage tanks with a 3,000-gallon gas tank and a 10,000-gallon diesel tank.
The site includes rail road siding on the property and is described as providing easy access to I-95 (north and south). The offering is in a LM-zoned location.
With multiple structures and an on-site garage and storage configuration, the property is designed to support light industrial and distribution-style activity where rail access and mixed office/service space are beneficial.
The site includes rail road siding on the property and is described as providing easy access to I-95 (north and south). The offering is in a LM-zoned location.
With multiple structures and an on-site garage and storage configuration, the property is designed to support light industrial and distribution-style activity where rail access and mixed office/service space are beneficial.
Key Highlights
- Includes fire suppression system, central air, and multiple floors including vinyl, tile, plywood, concrete, and full carpet
- Heavy truck service garage with lift plus 6‑bay garage and large warehouse
- Outside storage areas with open storage shed, storage building, gutters, lighting, and awnings
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $784.1k | $14.40 |
| − Vacancy | −$39.2k | −$0.72 |
| EGI | $744.8k | $13.68 |
| − OpEx | −$223.5k | −$4.10 |
| NOI | $521.4k | $9.58 |
54,448 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$11.80M
$10.32M – $13.76M
NOI $825,802 @ 7.0% cap · market cap 13.76%
Second Best
Warehouse
$9.04M
$7.91M – $10.55M
NOI $633,121 @ 7.0% cap · market cap 10.55%
Theoretical Best
Office A
$17.51M
$15.33M – $20.43M
NOI $1,226,021 @ 7.0% cap · market cap 20.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex campus includes two office buildings, a heavy truck garage, and a large warehouse with rail siding.
Where is this flex space located?
The property is located at 315 Morgan Lane West Haven, CT.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Includes fire suppression system, central air, and multiple floors including vinyl, tile, plywood, concrete, and full carpet; Heavy truck service garage with lift plus 6‑bay garage and large warehouse; Outside storage areas with open storage shed, storage building, gutters, lighting, and awnings
