6 Benson Rd Oxford, CT 06478

Listing office Commercial Connection Real Estate LLC Show Phone

Listing date Mar 6, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

The property is a fully leased 23,720 square foot industrial building with 2,000 square feet of office space, situated on 4 acres. The property is currently occupied by multiple tenants. Fox Pest Control occupies 7,330 square feet with a lease from October 1, 2024, to September 30, 2029, with two five-year options. J M Products occupies 4,400 square feet with a lease from May 1, 2023, to April 30, 2028. A garage at the back of the property is leased to Larry, occupying 3,000 square feet, with the lease expiring but expected to renew for another three years. Paragon Sign occupies 3,500 square feet with a lease from October 1, 2021, to September 30, 2024, and has renewed for five years this October 2024. Utilities are separately metered, with tenants responsible for their own dumpster fees. The landlord is responsible for property taxes, property insurance, and maintenance. The property is located 1.5 miles from I-84 exit 16, adjacent to Waterbury-Oxford Airport.

Key Highlights

• Fully leased industrial building generating $150,870 Net Operating Income (NOI) with an 8% Cap Rate.
• Strong tenant base with staggered lease expirations and renewal history, including Fox Pest Control, Paragon Sign, and JM Products.
• Fox Pest Control lease extends to 9/30/2029 with two 5‑year options, indicating long‑term stability.

Property Analytics

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FAQs

What type of property is this?

Warehouse - 23,720 SF industrial building with 2,000 SF office space.

Where is this warehouse located?

The property is located at 6 Benson Rd Oxford, CT.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Fully leased industrial building generating $150,870 Net Operating Income (NOI) with an 8% Cap Rate.; Strong tenant base with staggered lease expirations and renewal history, including Fox Pest Control, Paragon Sign, and JM Products.; Fox Pest Control lease extends to 9/30/2029 with two 5‑year options, indicating long‑term stability.