• ±21,000 sf | multi-tenant, flex, industrial, investment property - 5 Progress Dr, Cromwell, CT 06416

For Sale

Industrial

For Sale

This property is available for sale
0.48
Acres
$1,900,000
Sale Price
  • Year Built
    1986 (Renovated 2010)
  • Overview

    Colliers International and is pleased to offer Investors this (multi-tenant, flex, industrial) investment property located in the Suburban Hartford MSA in Cromwell CT. Home to Marshalls, Shop-Rite, and Amazon, Cromwell sits along the CT river between New Haven and Hartford. Directly off Highway 9 and Interstate 91
    this property is situated on 1.9 acres with ample room for upside return on investment. The property is 95% occupied with a stable tenant mix. This location is in immediate proximity to exit 21 in the primary municipal industrial zone. Single ownership since 1998.

    ±21,000 sf multi-tenant, flex project near I-91
    Abundant parking
    Immediate highway access (exit 21 off I-91)
    Strong year 1 cap rate
    Cap rate 11.3
    NNN lease structure

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Property Details

Colliers International and is pleased to offer Investors this (multi-tenant, flex, industrial) investment property located in the Suburban Hartford MSA in Cromwell CT. Home to Marshalls, Shop-Rite, and Amazon, Cromwell sits along the CT river between New Haven and Hartford. Directly off Highway 9 and Interstate 91
this property is situated on 1.9 acres with ample room for upside return on investment. The property is 95% occupied with a stable tenant mix. This location is in immediate proximity to exit 21 in the primary municipal industrial zone. Single ownership since 1998.

±21,000 sf multi-tenant, flex project near I-91
Abundant parking
Immediate highway access (exit 21 off I-91)
Strong year 1 cap rate
Cap rate 11.3
NNN lease structure

  • Property Type
    Industrial
  • Year Built
    1986Renovated 2010
  • Sale Price
    $1,900,000
  • Total Acres
    0.48
  • Cap Rate
    11.0%
  • Number of Floors
    1
  • Zoning
    IND
  • Last updated
    Dec 26, 2023
  • Property ID
    2192496

Landlord's Sales Representative

  • Philip Gagnon
    Colliers | Hartford