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Vacant Industrial for User or Investor 29 West St 177,074 SF Vacant Industrial Building Online Auction Sale Stafford Springs, CT 06076
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Investment Highlights
- 177,074 SF industrial facility on 7.54 acres, offered vacant, with potential for owner occupancy, investment, or redevelopment.
- Prime location off Highway 32 provides direct access to I-84 and regional transportation routes across Connecticut and Massachusetts markets.
- 10-mile trade area with 83,600 residents, $126k average household income, and a large blue-collar workforce supporting industrial activity.
- Single-story building including 160,914-SF warehouse space, 16,160-SF offices, 22-foot clear heights, and a 2,250-SF loading dock.
- Industrial market vacancies of just 1.7%, with no space under construction, supporting competitive leasing conditions and rent growth.
- Expansive 7.54-acre waterfront site on the banks of the Middle River, with a large parking area and versatile industrial zoning.
Executive Summary
29 West Street presents an opportunity for an owner-user or investor to acquire a 177,074-square-foot freestanding industrial facility with a prime location in Stafford Springs, Connecticut. The property will be delivered vacant to accommodate immediate occupancy or leasing strategies. This rare offer delivers multifaceted potential for continued industrial use, lease-up, adaptive reuse, or longer-term redevelopment strategies on a sizable 7.54-acre site.
Originally constructed in 1972, the single-story facility contains 160,914 square feet of warehouse and manufacturing space, 16,160 square feet of dedicated office area, and a 2,250-square-foot loading dock. The building features durable steel construction, 22-foot clear heights, and a wet sprinkler system, supporting a range of manufacturing, warehousing, distribution, and general industrial operations. The large, paved parking area further enhances functionality and operational flexibility for large and growing teams.
The property benefits from convenient access just off Highway 32, which provides a direct connection to Interstate 84 and broader regional transportation networks throughout Connecticut and Western Massachusetts. Employees and visitors also benefit from proximity to shopping, dining, and services along the Main Street corridor and in downtown Stafford Springs.
Market fundamentals support the property's occupancy and leasing outlook. Industrial vacancies remain exceptionally tight at 1.7%, and no new space is currently under construction, limiting near-term supply-side competition. Asking rents have increased 2.6% over the past 12 months, reflecting continued demand for industrial space across the market.
The surrounding 10-mile trade area includes more than 83,600 residents with average household incomes exceeding $126,000 and annual consumer spending of more than $1.22 billion. The region also offers a strong labor pool, with more than 30% of workers employed in transportation, manufacturing, construction, and other blue-collar occupations that support industrial operations.
Offering flexibility for owner occupancy, investment income, or future repositioning, 29 West Street provides the perfect combination of a large-scale industrial infrastructure, regional connectivity, and favorable leasing fundamentals in a supply-constrained industrial market.
Originally constructed in 1972, the single-story facility contains 160,914 square feet of warehouse and manufacturing space, 16,160 square feet of dedicated office area, and a 2,250-square-foot loading dock. The building features durable steel construction, 22-foot clear heights, and a wet sprinkler system, supporting a range of manufacturing, warehousing, distribution, and general industrial operations. The large, paved parking area further enhances functionality and operational flexibility for large and growing teams.
The property benefits from convenient access just off Highway 32, which provides a direct connection to Interstate 84 and broader regional transportation networks throughout Connecticut and Western Massachusetts. Employees and visitors also benefit from proximity to shopping, dining, and services along the Main Street corridor and in downtown Stafford Springs.
Market fundamentals support the property's occupancy and leasing outlook. Industrial vacancies remain exceptionally tight at 1.7%, and no new space is currently under construction, limiting near-term supply-side competition. Asking rents have increased 2.6% over the past 12 months, reflecting continued demand for industrial space across the market.
The surrounding 10-mile trade area includes more than 83,600 residents with average household incomes exceeding $126,000 and annual consumer spending of more than $1.22 billion. The region also offers a strong labor pool, with more than 30% of workers employed in transportation, manufacturing, construction, and other blue-collar occupations that support industrial operations.
Offering flexibility for owner occupancy, investment income, or future repositioning, 29 West Street provides the perfect combination of a large-scale industrial infrastructure, regional connectivity, and favorable leasing fundamentals in a supply-constrained industrial market.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 7.54 AC |
| Sale Condition | Auction Sale | Rentable Building Area | 177,074 SF |
| Type of Ownership | Fee Simple | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1972 |
| Property Subtype | Warehouse | Parcel Number | STAF-000048-000030-000001 |
| Building Class | C | ||
| Zoning | IN | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 7.54 AC |
| Rentable Building Area | 177,074 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | IN |
| Parcel Number | STAF-000048-000030-000001 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Boston
694,583
79
1 h 43 m
New York
8,398,748
145
3 h 19 m
Philadelphia
1,584,138
232
4 h 53 m
Baltimore
602,495
331
6 h 48 m
Washington
702,455
365
7 h 35 m
Virginia Beach
450,189
489
10 h 30 m
Access and Labor Force
10 Miles
Total Population
79,888
Total Labor Force
46,614
Unemployment Rate
3.23%
Median Household Income
$99,628
Warehouse Employees
7,833
High School Education Or Higher
94.90%
Sale Advisors
Sale Advisors
John Cafasso, CCIM, SIOR, Principal
Mr. Cafasso has exceptional insight into the financial challenges of CT businesses. He has the ability to quickly understand client''''s business models and economic drivers to deliver superior value and cost-effective real estate services based on his several years of experience in public accounting and internal auditing in the CT marketplace. John also led an international import company in overseas operations. He has developed extensive negotiation and sales skills during his travels throughout the world. Domestically, John was responsible for personal sales in excess of 2 million dollars in apparel to major national accounts. Internationally, his responsibilities included managing a Korean based office, surveying factories for production placement, creating cost analyses, and preparing budgets for production goods. He is a native of Connecticut, and brings over 7 years of business experience to the organization. PROFESSIONAL BACKGROUND VP International Operations - Direct Trade Imports, Inc. Internal Auditor - The Hartford Financial Services Group Senior Accountant - Haggett, Longobardi & Company, LLC Education BS in Accounting, University of North Carolina at Charlotte
Ian Hunt, Director
As a member of the investment sales team based in the Hartford office of Colliers International, I bring a thoughtful, cohesive, and modern approach to my clients and their real estate needs. During my tenure at Colliers, I have been involved in the acquisition and disposition, and advisory of all asset classes, primarily retail, industrial and office. More recently, my practice has evolved to focus on single tenant and sale leaseback transactions.
Prior to entering the real estate field with Colliers, I assisted high net worth individuals and institutions navigate the debt and equity markets with Merrill Lynch in New York.
When not tackling tough real estate challenges with my clients, I can be found on the ski hill, in the kitchen or on the grill, and cheering on the Colorado Buffaloes.
Prior to entering the real estate field with Colliers, I assisted high net worth individuals and institutions navigate the debt and equity markets with Merrill Lynch in New York.
When not tackling tough real estate challenges with my clients, I can be found on the ski hill, in the kitchen or on the grill, and cheering on the Colorado Buffaloes.
About the Auction Technology
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Auction Contact
Victoria Quade
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Vacant Industrial for User or Investor | 29 West St
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