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Property profile & analytics
FOR LEASE
Showrooms

181 West Johnson Ave Cheshire, CT 06410

530,570 SF 82.4 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US15-0186182
181 West Johnson Ave, Cheshire, CT 06410 For Lease
$16,070,000 74,554 SF available
181 West Johnson Ave, Cheshire, CT 06410
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Property summary
AI-generated overview

This exceptional industrial property at 181 West Johnson Avenue in New Haven County offers 56,650 square feet of versatile space, ideal for manufacturing, flex, or warehouse uses. Currently, 53,406 square feet are available, divisible into units ranging from 3,450 to a maximum contiguous 15,793 square feet. The property boasts 392 parking spaces, a significant advantage for employees and clients. The building features high-quality construction, including steel truss ceilings with heights ranging from 10 to 38 feet (1,375 sq ft area at 38ft, balance at 10ft), reinforced concrete floors rated at 50 psf loading, and the potential for up to seven 9' x 9' dock doors. Utility services are robust, including Eversource power (800 amps, 480V, 3-phase), natural gas, municipal water and sewer, and a 100% wet sprinkler system. Two gas-fired rooftop HVAC units provide 300 tons of heating and air conditioning. Existing fluorescent lighting can be upgraded to LED. The property's central location offers easy access to I-84 (Exit 28) and I-691 (Exit 3), making it an attractive option for businesses needing convenient transportation links. The space is currently improved with dropped acoustical ceiling tiles and is adaptable to various uses, including light industrial, agricultural operations, commercial applications (showrooms, taprooms), or lab and research facilities. Column spacing is 25' x 30'.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction STEEL FRAME
Total area 530,570 SF
Lot 82.4 ac (3,589,344 SF)
Zoning code I-2
APN CHES M:10 B:30 L:
UPID US15-0186182
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Macys Distribution Center Warehouse & Storage
  • Brand-Nu Laboratories, LLC Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.80M
Blend (final) Blend
$16.07M
Owner & transaction history
181 W Johnson Hldg LLC · 3 yrs held
181 W Johnson Hldg LLC
since 2023
7 recorded transactions
2023
Price N/A
2019
Price N/A
2016
Price N/A
2007
$27,500
2006
$32.9M
2006
Price N/A
2005
$22.5M
Zoning & alternative use
I-2 · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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