124 Costello Rd | Newington, CT 06111
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- LoopNet Team
124 Costello Rd
Newington, CT 06111
STNL Corporate Ferguson Industrial Building · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Long Operating History - Ferguson has been at this location for almost 25 years and just recently exercised their lease extension early
- Largest U.S. distributor of plumbing supplies, PVF, waterworks and fire and fabrication products - With an annual revenue of $29.36B
- ense Retail Corridor - Surrounding national tenants include Lowe's, Target, Walmart, Best Buy, The Vitamin Shoppe, AutoZone Etc.
- Investment Grade Credit - Ferguson has established a long-term investment grade credit rating from both Moody’s and S&P Global
- New HVAC Units – Three (3) new rooftop HVAC units were installed in 2023
- Attractive Return and Affluent Demos - Deal is offered at a 7% Cap Rate and +/- $100,000 Household Income
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1985 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.78/1,000 SF |
| Lot Size | 4.82 AC | Clear Ceiling Height | 18’6” |
| Rentable Building Area | 14,040 SF | No. Dock-High Doors/Loading | 2 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 3 |
| Zoning | PD | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.82 AC |
| Rentable Building Area | 14,040 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 1.78/1,000 SF |
| Clear Ceiling Height | 18’6” |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | PD |
AMENITIES
- Fenced Lot
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,042,450 | |
| Land Assessment | $325,390 | Total Assessment | $1,367,840 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$325,390
Improvements Assessment
$1,042,450
Total Assessment
$1,367,840
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