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    500 Bic Dr Milford, CT 06461

    Sponsored
    For Lease
    $71 SF/Yr

    156,000 SF Multi-Tenant Industrial Building

    Lot size:
    156,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional multi-tenant industrial property, encompassing 156,000 square feet, presents a unique investment opportunity. Buildings 3 & 4 at 500 BIC Drive offer flexible spaces ranging from a minimum of 53,593 contiguous square feet up to the entire 156,000 square feet. The two-story Class B building, constructed in 1978, boasts a 0.44 building floor area ratio and sits on a substantial 32.74 acres of land. The property features a 16-foot ceiling height, ideal for various manufacturing or warehousing needs. Loading capabilities include one loading dock equipped with a mechanical levelator and one drive-in door. Ample parking is provided with 585 spaces available, along with trailer parking. The building is fully sprinklered and offers gas-fired heating and full air conditioning. Power is supplied by a 600-amp, 277-480V 3-phase system. The property is zoned MDD and is conveniently located less than one mile from Exit 35 of I-95, offering excellent access to major transportation routes. On-site amenities include a full-service cafeteria for tenant convenience. This property is perfect for a variety of uses, including warehouse, manufacturing, and research and development. The available space is immediately ready for occupancy.

    Property Features for 500 Bic Dr

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,000 SF
    Class
    B
    Total Rate
    928200

    Building Details

    Year Built
    1978
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $71

    HighLights

    • 156,000 SF Industrial building, Class B, multi‑tenant.
    • 53,593 SF minimum divisible space, up to 156,000 SF contiguous.
    • Built in 1978, two stories, 16' ceiling height.
    • One loading dock, one drive‑in door, 585 parking spaces.
    • 600 Amps/277‑480V 3‑phase power; MDD zoning; 32.74 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Territory Ahead Clothing Store TRC Companies, Inc. Environmental Consultant DePuma's Gluten Free ... Pasta Shop Seasonal Catering Caterer Premium Home Air ... Air Duct Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.10062
    Latitude
    41.21948

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    FAQs

    What type of property is this?
    Manufacturing property - 156,000 SF Multi-Tenant Industrial Building
    Where is this manufacturing property located?
    The property is located at 500 Bic Dr Milford, CT.
    What is the lease rate?
    The lease rate is $71 SF/Yr.
    What are key features of this property?
    This property features: 156,000 SF Industrial building, Class B, multi-tenant.; 53,593 SF minimum divisible space, up to 156,000 SF contiguous.; Built in 1978, two stories, 16' ceiling height.
    Request Owner's contact information
    500 Bic Dr Milford, CT 06461
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    Milford, CT 06461
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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
    500 Bic Dr Milford, CT 06461
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