125 N Benson Rd
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125 N Benson Rd
16,000 SF Industrial Building Middlebury, CT 06762 $1,414,362 ($88/SF) 8.24% Cap Rate
Investment Highlights
- Below Market Rent
- Triple-Net Lease
- Below Replacement Cost
Executive Summary
Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Pilot Seasoning Company located in Middlebury, Connecticut. The subject property is a 16,000-square-foot facility sitting on 1.94 acres, located off Interstate 84 on North Benson Road. There is approximately one year remaining on a triple-net (NNN) lease. There no renewal options.
This property was built in 1983 and features pre-engineered steel with decorative block façade. The property has one dock door, one roll-up door, and the roof is low-pitch metal panel.
Amodio’s, Inc. dba Pilot Seasoning Company is primarily engaged in manufacturing prepared foods and miscellaneous food specialties, not elsewhere classified, such as baking powder, yeast, and other leavening compounds; peanut butter; packaged tea, including instant; ground spices; and vinegar and cider. This also includes manufacturing dry preparations, except flour mixes, consisting of pasta, rice, potatoes, textured vegetable protein, and similar products which are packaged with other ingredients to be prepared and cooked by the consumer.
Middlebury is a town in New Haven County, Connecticut. It is a suburb of the nearby city of Waterbury to its south and is on the northern fringe of the New York metropolitan area. Middlebury is a vibrant, upscale suburban community with small town charm and a sense of Americana while providing 21st century facilities and services. Access to major highways, Waterbury-Oxford Airport, Metro North Railroad, and CT-Transit bus service makes Middlebury attractive to retailers, corporate and professional offices, light manufacturing, and hospital venues.
B R O K E R O F R E C O R D
John Krueger
265 Church Street, Suite 210, New Haven, CT 06510
(212) 430-5100 • john.krueger@marcusmillichap.com
License: REB.0752012
This property was built in 1983 and features pre-engineered steel with decorative block façade. The property has one dock door, one roll-up door, and the roof is low-pitch metal panel.
Amodio’s, Inc. dba Pilot Seasoning Company is primarily engaged in manufacturing prepared foods and miscellaneous food specialties, not elsewhere classified, such as baking powder, yeast, and other leavening compounds; peanut butter; packaged tea, including instant; ground spices; and vinegar and cider. This also includes manufacturing dry preparations, except flour mixes, consisting of pasta, rice, potatoes, textured vegetable protein, and similar products which are packaged with other ingredients to be prepared and cooked by the consumer.
Middlebury is a town in New Haven County, Connecticut. It is a suburb of the nearby city of Waterbury to its south and is on the northern fringe of the New York metropolitan area. Middlebury is a vibrant, upscale suburban community with small town charm and a sense of Americana while providing 21st century facilities and services. Access to major highways, Waterbury-Oxford Airport, Metro North Railroad, and CT-Transit bus service makes Middlebury attractive to retailers, corporate and professional offices, light manufacturing, and hospital venues.
B R O K E R O F R E C O R D
John Krueger
265 Church Street, Suite 210, New Haven, CT 06510
(212) 430-5100 • john.krueger@marcusmillichap.com
License: REB.0752012
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Price | $1,414,362 | No. Stories | 2 |
Price Per SF | $88 | Year Built | 1983 |
Sale Type | Investment NNN | Tenancy | Single |
Cap Rate | 8.24% | Parking Ratio | 0.94/1,000 SF |
Property Type | Industrial | Clear Ceiling Height | 20’ |
Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
Building Class | B | No. Drive In / Grade-Level Doors | 1 |
Lot Size | 2.00 AC | Cross Streets | Southford Rd |
Rentable Building Area | 16,000 SF |
Price | $1,414,362 |
Price Per SF | $88 |
Sale Type | Investment NNN |
Cap Rate | 8.24% |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | B |
Lot Size | 2.00 AC |
Rentable Building Area | 16,000 SF |
No. Stories | 2 |
Year Built | 1983 |
Tenancy | Single |
Parking Ratio | 0.94/1,000 SF |
Clear Ceiling Height | 20’ |
No. Dock-High Doors/Loading | 1 |
No. Drive In / Grade-Level Doors | 1 |
Cross Streets | Southford Rd |
Amenities
- Signage
- Air Conditioning
Utilities
- Gas - Natural
- Water - Well
- Sewer - City
- Heating - Oil (Fired)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Pilot Seasoning Co.
- Manufacturing
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Pilot Seasoning Co. | Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
Parcel Number | MIDD-000804-000000-000016A | Improvements Assessment | $449,700 |
Land Assessment | $95,500 | Total Assessment | $545,200 |
PROPERTY TAXES
Parcel Number
MIDD-000804-000000-000016A
Land Assessment
$95,500
Improvements Assessment
$449,700
Total Assessment
$545,200
zoning
Zoning Code | LT IND |
LT IND |
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125 N Benson Rd
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