353 Alumni Rd, Newington, CT 06111
For Lease
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This exceptional 614,600-square-foot industrial property, built in 1965 and renovated in 2012, offers a single-story building with 18-foot ceilings and ample space for manufacturing, warehousing, or distribution. Currently, up to 141,000 contiguous square feet is available for lease, with a minimum divisible space of 55,000 square feet. The property boasts eight loading docks, eight dock-high doors, and three drive-in doors, ensuring efficient loading and unloading. Power is provided by a robust 1200-amp, 230/480-volt, 3-phase system. The building features approximately 750 square feet of existing office space, with the potential to expand as needed. Located in a desirable Newington business corridor, this property offers convenient access to major highways, including Route 9, I-91, and I-84, providing easy access to major Northeast, Mid-Atlantic, and Midwest markets. The property is zoned I, and its expansive lot provides ample room for operations. The building's layout allows for flexible configurations, including potential limited cross-docking capabilities. Separate office and staff entrances enhance security and convenience. This is a prime opportunity for businesses seeking a well-maintained, strategically located industrial space with excellent highway access.
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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
Property description
Physical attributes from public recordsZoning & alternative use
I · Newington, CTNewington. 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.