14 Terrys Loop MANCHESTER CENTER, VT 05255
- Warehouses
- 38,346 SF
- 3.84 lot acres
Current Use by Public Records
- Warehouses
Property Details for 14 Terrys Loop
- Year built
- 1990
- Lot size
- 3.84 lot acres
- Property size
- 38,346 SF
- Property type
- Warehouses
- Property subtype
- Mixed-use properties
Description
This exceptional 38,346 square foot industrial park in Manchester Center, Vermont, presents a compelling investment opportunity. Comprising seven buildings on a 3.84-acre lot (APN: SPAN# - 375-116-11141), this Class A property boasts 100% occupancy across 25 units, generating a substantial NOI of $220,000 and a 6.11% cap rate. The property, built in the 1990s and renovated in the 2020s, features a mix of flex, manufacturing, and warehouse spaces, all under NNN (Triple Net) leases, minimizing landlord responsibilities. The diverse tenant roster of established businesses ensures a stable income stream. Located in a Mixed Use 2 (MU2) zone, this strategically positioned park offers significant growth potential. The asking price is $3,600,000, representing a turnkey investment with immediate cash flow and minimal management requirements. This multi-tenant, two-story property offers a low-risk, high-reward opportunity for discerning investors seeking a passive income stream. The property is owned by an LLC and is currently for sale by owner.
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 CENTER
- County
- Bennington
- State
- Vermont
- Longitude
- -73.0484
- Latitude
- 43.1602
