±21,000 sf | multi-tenant, flex, industrial, investment property - 5 Progress Dr, Cromwell, CT 06416
For Sale
For Sale
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Year Built
1986 (Renovated 2010)
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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
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 TypeIndustrial
- Year Built1986Renovated 2010
- Sale Price$1,900,000
- Total Acres0.48
- Cap Rate11.0%
- Number of Floors1
- ZoningIND
- Last updatedDec 26, 2023
- Property ID2192496