62 Vermont Castings Way - Warehouse FOR SALE


Bethel, VT 05032
$1,950,000 USD
802-864-2000
62 Vermont Castings Way, Bethel, VT for Sale
$1,950,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

62 Vermont Castings Way
Bethel, VT 05032


OVERVIEW

Built in 1964 and rehabbed in the 1980’ s and 1997, this industrial manufacturing and warehouse building has been home to Vermont Castings for many years and other manufacturers prior. The property has potential rail access and is only 3.4 miles to Interstate 89. It measures 18’ clear at the eaves, has 12 loading docks, 5 at-grade entrances, and ample outside storage. The building itself offers 156,841 +/- SF of manufacturing and warehouse space as well as 2,500 +/- SF of office, located on 12.20 +/- acres of land. Pricing has been newly reduced to $1,950,000.000 for sale “as is, where is”, and lease rate has been reduced to only $2.50/SF, NNN (est. $2.00/SF), plus utilities. This is a great opportunity to acquire a well-located industrial facility close to the Upper Valley and Central Vermont. Electricity for the building is supplied by central Vermont Public Service. The property is served by two, 1,000 KVA pole-mounted three phase transformers. 100% sprinklered with a wet-pipe system, Hot water system for heat, fired by liquid propane and oil. The property contains approximately 129 surface parking spaces, reflecting an overall parking ratio of 0.81 spaces per 1,000 square feet of net rentable area. There appears to be potential parking for 40 additional cars along the northern boundary of the site. The parking lot and interior driveways are gravel with stone dust layer. Permitted uses within this district include light industrial, home occupations, and accessory uses or structures. Conditional uses include heavy industrial, multiple family dwelling, wireless communications facilities, extraction of soil, minerals, sand, or gravel operations.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.3

LAND SF

535,788

ZONING

RR

APN/PARCEL ID

063-019-11055

ASK ABOUT THIS PROPERTY

Yves BradleyV/T CommercialMore Info
802-864-2000

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Yves BradleyV/T CommercialMore Info
802-864-2000

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