15 Sterling Dr
Wallingford, CT 06492

"Property tours are available by appointment ONLY. Please contact Mark Duclos at 860-983-5630 or duclos@sentrycommercial.com to schedule. 15 Sterling Drive (the ""Property"") is a ±173,015 SF Industrial Building located in Wallingford, Connecticut. The Property is situated on a ±22.38-acre site in Central Connecticut, one of the most significant industrial real estate markets in Southern New England. Built in 1978 and renovated in 2003, it features professionally landscaped green areas, ±18-22 ft clear heights, 5 loading docks, 1 ground level door, and ±495 surface parking spaces (±2.86/1,000 SF). The Property is within 2 miles of I-91, with a ±25-minute drive to downtown New Haven and a ±30-minute drive to Hartford. North Main Street, which is located within a half-mile of the Property, accommodates the area with many restaurants and retail. In addition, the site is located ±95 miles north of New York City. 15 Sterling Drive has traditionally attracted tenancies that serve the local metropolitan areas, as well as regional tenants looking to take advantage of convenient access to the I-91. It is currently ±66.47% occupied by 2 tenants, Arris International and Fiserv, Inc. Arris (±35.5% GLA) is a US-based telecommunications equipment manufacturing company that provides cable operators with data, video, and telephone systems for homes and businesses. The company’s principal executive offices are located in Suwanee, Georgia, United States, and it has design, engineering, manufacturing, distribution, service and sales office locations worldwide. Fiserv (±31% GLA) is a US provider of financial services technology. The company’s clients include banks, thrifts, credit unions, securities broker dealers, leasing and finance companies, and retailers. In October 2015, American Banker and BAI ranked the company third by revenue among technology providers to U.S. banks. In summer of 2018, Fiserv obtained the naming rights to the Fiserv Forum, home to the Milwaukee Bucks, for 25 years. The Property is located in the Town of Wallingford, in New Haven County, Connecticut. It is centrally located in New Haven County, Connecticut, between two of the state's largest cities: New Haven and Hartford. Wallingford is home to a wide array of companies, such as Amazon, ThyssenKrupp Materials, APS Technology, BYK USA, Nucor Steel, and GKN Aerospace. As of the 2010 census, the town had a population of approximately 45,000 people within its limits, as well as ±108,000 people living within a 5-mile radius in 2017. In addition, the median household income was ±$97,968 in 2017, which is well above national average. Major thoroughfares include I-91 (the major north-south highway for Connecticut), Route 5 and Route 15 (Wilbur Cross Parkway). Accessibility to Wallingford is excellent (Exit 15 from I-91), connecting New Haven and Hartford. The total industrial market in New Haven County is approximately 77 million SF. Vacancy is at ±4.4%, and absorption in the last twelve months equals ±767,000 SF. Overall industrial leasing totaled ±850,000 SF in the same period."