RealINSIGHT Marketplace and NKF Capital Markets are pleased to present the opportunity to acquire the fee-simple interest in 50 Barnes Park Road North, an Industrial/Distribution asset in Wallingford, Connecticut.
The property consists of a 154,255 rentable square foot, 85% leased Industrial/Distribution building situated on 19.6 acres of well-landscaped land. Renovated in 2005, the property features 10’-16’ ceiling heights, 6 loading docks and 1 drive-in, heavy power, abundant parking and excellent access.
Strategically located in an industrial park with immediate access to Rte. 15 and I-91, 59 Barnes offers excellent north-south access for commercial vehicles, while being located within a half-mile of the town’s main hub of retail, restaurants, shopping, dining and lodging. The property is half way between New Haven, Connecticut (18 miles) and Hartford, Connecticut (22 miles), ideal for businesses servicing both markets.
Substantial Opportunity for Value Creation – 50 Barnes Industrial represents a substantial value-add opportunity for a new owner looking to take advantage of a well-located asset. The current 84.5% occupancy will provide ample cash flow support for the new owner to lease-up the asset closer to the 96.7% submarket occupancy. Acquiring the property at below-replacement cost will allow new ownership to aggressively compete for the best quality tenants.
Multiple Exit Strategies – In addition to being an attractive opportunity for investors, the building is ideal for an owner-occupant wishing to establish presence in the resilient Wallingford submarket.
Strategic Location, Excellent Amenities - The property is situated in an Industrial park with convenient access to Rte. 15 and Interstate I-91, which provide excellent north-south access for commercial vehicles servicing Hartford, New Haven, as well as New York City. Amazon is one of several companies that have opened industrial sites in Wallingford, Connecticut, leveraging its strategic location. 50 Barnes’ location is also only a half mile away from the vast majority of Wallingford’s retail, restaurants, and lodging.
Auctioneer: Michael A. Fine- License No. 0755028
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
50 Barnes Industrial Road North, Wallingford, CT 06492
Platform fee for this transaction is 5.00% or a minimum of $25,000.