Baldwin Pearson CT Commercial Realtors Logo

OFFERED AT $4,200,000

Bridgeport, CT

DETAILS

NO. UNITS

2 Commercial Spaces

APPROX. SF

37,000

PRICE / SF

$110

PRICE / UNIT

$4,200,000

CONTACT

Photo of George Shawah CT Commercial Realtor
George Shawah
203-331-6006

PROPERTY DESCRIPTION

Baldwin Pearson and Co, Inc. is pleased to present 1100 Boston Avenue to the market. The property is located on the corner of Boston Avenue and Helen Streetin an excellent industrial park in Bridgeport, CT.

Property highlights are below:

  • The multi-building industrial site features approximately 38,000 square feet spread across two properties.
  • Approximately 27,000 square feet of warehouse and showroom space are rented out to stone and granite supplier with a lease expiring in 2026 on absolute NNN terms with annual 5% rent increases.
  • Approximately 7,000 square feet of office and commercial space is vacant allowing a new owner to use this space or rent to a new tenant.
    Current industrial rent prices per square foot for industrial space average $9 per foot range on NNN terms.
  • The warehouse property is built 228 feet by 120 feet and was constructed in1980 and sits on 3.91 acres.
  • The warehouse features 22 foot high ceilings, a wall ventilation fan, and two five (5) ton cranes spanning the entire length of the building. The building is fully sprinklered.
  • The property is heated with natural gas and has air conditioned office space.The property also features all security features including fire alarms, CO2detectors, and motion detectors.
  • The property has approximately 70 parking spaces.