225 Leonard Dr - Warehouse FOR SALE


Groton, CT 06340
$1,850,000 USD
860-883-6013
225 Leonard Dr, Groton, CT for Sale
$1,850,000 USD
Warehouse - FOR SALE
1/1
null | 8.45% Cap Rate

225 Leonard Dr
Groton, CT 06340


HIGHLIGHTS

  • Fully leased to two established tenants with long-term agreements.
  • Building 1 features 30'–34' clear height and 2,200amp/480V/3PH power.
  • Building 2 includes four 18' drive-in doors and 32' clear height.
  • Direct access to I-95 via Exit 87 (Rt. 349) for efficient distribution.
  • Zoned IG with monument signage and ample on-site parking.
  • Projected 8.45% cap rate with $156,394 annual NOI.

OVERVIEW

Positioned in the heart of Groton’s industrial corridor, 225 Leonard Drive presents a fully leased, income-generating investment opportunity featuring two modern industrial buildings on 1.69± acres. Building 1, constructed in 2018, spans approximately 10,500 SF and offers 30'–34' clear heights, two drive-in doors, and robust 2,200amp/480V/3PH power—ideal for high-capacity operations. Building 2, built in 2010, comprises 4,050 SF with four 18' drive-in doors and 32' clear height. Both buildings are climate-controlled with gas heating and air conditioning, and constructed with light steel and metal gable roofs. The property is zoned IG and benefits from monument signage, ample parking, and direct access to I-95 via Exit 87 (Route 349), enhancing logistical efficiency. Tenancy includes long-term leases with The Beer’d Brewing Co. and Mystic Cheese, delivering a projected 8.45% cap rate by 2026 and a stable annual NOI of $156,394. Located near the Groton-New London Airport and within reach of major regional hubs, this asset offers investors a rare blend of modern industrial infrastructure, strong tenant performance, and strategic location in southeastern Connecticut’s thriving business environment.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

8.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

32 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7

LAND SF

74,052

ZONING

IG

APN/PARCEL ID

GROT-001698-001035-002911

ASK ABOUT THIS PROPERTY

Luke MassirioO,R&L CommercialMore Info
860-883-6013

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Luke MassirioO,R&L CommercialMore Info
860-883-6013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.