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    353 Alumni Rd Newington, CT 06111

    Sponsored
    For Lease
    $6 SF/Yr

    Modern industrial space, flexible layouts

    Lot size:
    614,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 614,600-square-foot industrial property, built in 1965 and renovated in 2012, offers a single-story building with 18-foot ceilings and ample space for manufacturing, warehousing, or distribution. Currently, up to 141,000 contiguous square feet is available for lease, with a minimum divisible space of 55,000 square feet. The property boasts eight loading docks, eight dock-high doors, and three drive-in doors, ensuring efficient loading and unloading. Power is provided by a robust 1200-amp, 230/480-volt, 3-phase system. The building features approximately 750 square feet of existing office space, with the potential to expand as needed. Located in a desirable Newington business corridor, this property offers convenient access to major highways, including Route 9, I-91, and I-84, providing easy access to major Northeast, Mid-Atlantic, and Midwest markets. The property is zoned I, and its expansive lot provides ample room for operations. The building's layout allows for flexible configurations, including potential limited cross-docking capabilities. Separate office and staff entrances enhance security and convenience. This is a prime opportunity for businesses seeking a well-maintained, strategically located industrial space with excellent highway access.

    Property Features for 353 Alumni Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    614,600 SF
    Total Rate
    307300

    Building Details

    Year Built/Renovated
    1965/2012
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    140,000 SF
    Rate per SF
    $6

    HighLights

    • 614,600 square foot industrial building available for lease.
    • 141,000 square feet of contiguous space immediately available, with a minimum divisible space of 55,000 square feet.
    • Building features 18' clear ceiling height, 8 loading docks, 8 dock‑high doors, and 3 drive‑in doors.
    • 1200 amp, 230/480‑volt, 3‑phase power is available.
    • Located in Newington, CT, with easy access to I‑91 and I‑84 via Route 9.
    • Building was constructed in 1965 and renovated in 2012.
    Property Profile Location Intelligence

    Current Use by Public Records

    ADS Warehouse Solutions Warehouse Corsicana Bedding Upper ... Warehouse

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.74006237334
    Latitude
    41.704556386318

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    FAQs

    What type of property is this?
    Distribution property - Modern industrial space, flexible layouts
    Where is this distribution property located?
    The property is located at 353 Alumni Rd Newington, CT.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 614,600 square foot industrial building available for lease.; 141,000 square feet of contiguous space immediately available, with a minimum divisible space of 55,000 square feet.; Building features 18' clear ceiling height, 8 loading docks, 8 dock-high doors, and 3 drive-in doors.
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    353 Alumni Rd Newington, CT 06111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    353 Alumni Rd Newington, CT 06111
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