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100 Mechanic Street - Pawcatuck Industrial Park, Pawcatuck, CT

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DetailMap
100 Mechanic Street - Pawcatuck Industrial Park

Pawcatuck, CT 06379 - SE New London Ind Submarket


Property Type:Industrial Sub Type:Manufacturing Status:Existing Year Built:1920
Building Size:252,219 SF Land Area:16.6 AC (723,096 SF)
Ceiling Height:27'0'' Loading Docks:12 ext Rail:- Power:-
For Sale Price:For Sale Price/SF:-
Cap Rate:9.00 %
Smallest Space:4,000 SF Largest Space:65,000 SF Total Space Avail:74,000 SF Rent/SF/Yr:
$4.50 - $6.00
Zoning:M-1 Sprinklers:- Drive Ins:10 tot./16'0''w x 18'0''h Cranes:10 tons
Parking:Free Surface spaces are available; Ratio of .79/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
4,000 SF-65,000 SF
$6.00/SF/Yr
Vacant
1-5 yrs
Industrial
 1st
4,000 SF-9,000 SF
$4.50/SF/Yr
Vacant
1-5 yrs
Industrial
 
10252724
2315671


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
4,000 SF-65,000 SF
$6.00/SF/Yr
Vacant
1-5 yrs
Industrial
1st
4,000 SF-9,000 SF
$4.50/SF/Yr
Vacant
1-5 yrs
Industrial

Sale Notes:
100 Mechanic Street in the Pawcatuck section of Stonington, CT on the border of Connecticut and Westerly, Rhode Island. The property was originally home to the Cottrell Company and subsequently by Harris Graphics and MAN Roland Corp. Since 1998, the property has had an impressive history as a multi-tenant investment property for its current owner. Current long term tenants include General Dynamics Corp, Conn-RI Paper & Supply, and Cottrell Brewing. Newer tenancy is by Davis Standard Corp., Cable Components and Applied Physical Sciences.
" The site has tremendous upside potential in the vacant space which is often leased on temporary occupancy and at above standard rates.
" Additional leasing opportunities include indoor and outdoor storage facilities.
" Potential for lease rate increase for new tenancy.

Property is located ½ mile from US Route 1 and Downtown Pawcatuck / Westerly. 3.5 Miles from Interstate 95 exit 92.


Northeast Property Group
Daniel G Barber
(860) 437-7005 x105


Northeast Property Group
Daniel G Barber
(860) 437-7005 x105



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