14 Terrys Loop Manchester, VT 05255
- Warehouses
- 38,346 SF
- 3.81 lot acres
Current Use by Public Records
- Warehouses
Property Details for 14 Terrys Loop
- Year built
- 1990
- Lot size
- 3.81 lot acres
- Property size
- 38,346 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 38,346 square foot, multi-tenant industrial park in Manchester, Vermont. The property, located at 14 Terrys Loop, boasts a 7.64% cap rate and a strong net operating income (NOI) of $275,000. Currently 100% occupied with 25 tenants under NNN leases averaging two years remaining, the property offers immediate cash flow. Comprising seven buildings on a 3.81-acre lot, the park features a mix of apartment, flex, and warehouse spaces, ideal for diverse business needs. Built in 1990 and renovated in 2024, the property includes 2 loading docks, 2 dock-high doors, and 14-foot ceilings. The property is zoned MU2 and offers excellent access to major transportation routes. The asking price is $3,600,000, translating to $93.88 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing industrial park in a desirable Vermont location. The lease commencement date is November 5, 2024, and the lease expiration date is November 5, 2026. The property is owned by an LLC.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Bennington
- State
- Vermont
- Longitude
- -73.0484
- Latitude
- 43.1602
