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291 Pepes Farm Rd 16,816 SF Industrial Building Milford, CT 06460 $2,800,000 ($166.51/SF) 7.51% Cap Rate



Investment Highlights
- 14-foot clear ceiling
- 30+ parking spaces
- Fully air conditioned
- Two loading docks
- 1.66 acres
- Excellent location, proximity to major highway, parkway, state road and train station
Executive Summary
Investment opportunity for 17,539 SF light industrial building with long-term credit tenant, offering a cap rate of 7.5%. The national company has a lease through July 2030. This building, which sits on a 1.66-acre parcel, features almost 4,000 SF of office space including a reception area, training room and kitchenette. Other amenities include warehouse space with 14-foot clear ceiling height, two loading docks, 30+ parking spaces, and air conditioning. Excellent location: This building is only 1.5 miles from I-95 at Exit 40 (Woodmont Road), and only minutes from Boston Post Road (Route 1), the Wilbur Cross/Merritt parkways, downtown Milford, and the Metro North train station.
Property Facts
| Price | $2,800,000 | Rentable Building Area | 16,816 SF |
| Price Per SF | $166.51 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1985 |
| Cap Rate | 7.51% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.26/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.66 AC | Cross Streets | Lambert Rd |
| Zoning | LI - Light Industrial (LI) | ||
| Price | $2,800,000 |
| Price Per SF | $166.51 |
| Sale Type | Investment |
| Cap Rate | 7.51% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.66 AC |
| Rentable Building Area | 16,816 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 2.26/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 2 |
| Cross Streets | Lambert Rd |
| Zoning | LI - Light Industrial (LI) |
Amenities
- Signage
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Property Taxes
| Parcel Number | MILF-000081-000706-A000000-000010 | Improvements Assessment | $141,980 |
| Land Assessment | $99,690 | Total Assessment | $241,670 |
Property Taxes
Parcel Number
MILF-000081-000706-A000000-000010
Land Assessment
$99,690
Improvements Assessment
$141,980
Total Assessment
$241,670
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291 Pepes Farm Rd
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