14 Alcap Rdg Cromwell, CT 06416-1058
This exceptional 106,600-square-foot industrial property in Cromwell, Connecticut, presents a compelling owner-user or investment opportunity. The fully leased, multi-tenant building boasts a prime location, minutes from I-91, Route 9, and Route 372, offering easy access to major transportation arteries. Situated on a 6.4-acre lot, the property includes 185 parking spaces, recently expanded by the owner. Built in 1988 and extensively renovated in 2012, the two-story structure features energy-efficient upgrades to its electrical system, heating, air infiltration, and lighting. The building's functional design includes four loading docks and five drive-in doors, with ceiling heights ranging from 13 to 18 feet. The property is zoned for commercial and industrial use, making it suitable for a variety of businesses. Its central location between Hartford and New Haven provides convenient access to a robust workforce and ample amenities, including nearby restaurants and shopping. The asking price is $5,295,000, translating to $49.67 per square foot. This represents a strong investment opportunity in a thriving Connecticut market. The property is 100% occupied under a triple net lease (NNN) arrangement.
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North East Quality Services Industrial Manufacturer
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Blue Dragon Judo Club Gym & Fitness Center
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Advanced Window Systems LLC General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IND · Cromwell, CTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.