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    FOR LEASE
    Manufacturing properties

    353 Alumni Rd, Newington, CT 06111

    622,262 SF 47.95 ac lot Built 1956
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US15-0848812
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1956
    Construction BRICK
    Total area 622,262 SF
    Lot 47.95 ac (2,088,702 SF)
    Zoning code I
    APN NEWI M:9 B:303 L:0
    UPID US15-0848812
    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
    • ADS Warehouse Solutions Warehouse & Storage
    • Corsicana Bedding Upper Droplot Warehouse & Storage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $21.16M
    Blend (final) Blend
    $20.02M
    Owner & transaction history
    Avrohom Schlaff · 4 yrs held
    Avrohom Schlaff
    since 2022
    7 recorded transactions
    2026
    2023
    2022
    2007
    $3.1M
    2007
    $2.0M
    2007
    $7.9M
    2007
    $1
    Zoning & alternative use
    I · Newington, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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