3 Mccullough Dr New Castle, DE 19720
For Lease
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This exceptional 27,313-square-foot industrial warehouse is situated on two acres of land within New Castle's Southgate Industrial Park. The single-tenant building offers a highly functional layout, ideal for distribution or warehousing operations. Features include a 21'10" ceiling height, providing ample vertical storage space. Access is facilitated by two drive-in doors (measuring 18'w x 14'h and 16'w x 14'h), one at the front and one through a fenced yard, plus one dock-high door. The yard also includes an exposed loading platform. The property further benefits from approximately 1,600 square feet of office space and an adjacent 800-square-foot shop area, providing versatile workspace options. The building is equipped with 3-phase, 400A, 220V electrical service, ensuring sufficient power for various industrial needs. This property presents a rare opportunity to acquire a well-maintained, strategically located industrial space in a thriving Delaware market. The combination of size, features, and location makes this an attractive option for businesses seeking efficient and functional warehouse space in New Castle County. The property is completely vacant and ready for immediate occupancy.
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FBM (Foundation Building Materials) Big Box & Wholesale Store Building Supply
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
I · New Castle, DENew Castle. Always verify with local authorities before improvements.
Costs & 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.