252-262 Depot Rd
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252-262 Depot Rd
68,842 SF 66% Leased Flex Building Milford, CT 06460 $10,000,000 ($145/SF)
Virtual Tour
Investment Highlights
- Depot Road Business District offers an investment opportunity to own a five-building flex development for warehousing, office, storage, and more.
- Key property features include 10 Tesla EV chargers, climate-controlled storage with pallet racking, an interior loading dock, and security monitoring.
- Fully carbon-neutral, Depot Road Business District tenants benefit from energy savings at a competitive rate of 0.36 kWh from on-site solar panels.
- Ideally situated at a prime location 1 mile from Interstate 95 and 10 minutes from Downtown New Haven, offering exceptional market accessibility.
Executive Summary
Depot Road Business District, located at 252-262 Depot Road in Milford, Connecticut, is a five-building flex development offering approximately 68,842 square feet of space on 4.67 acres. Designed for multi-tenant use, the campus accommodates warehousing, corporate-quality offices, storage, and other special permitted uses.
The property features comprehensive climate control, advanced access systems, strategically placed panic pulls, and extensive CCTV coverage alongside a burglar alarm system to ensure tenant safety and security. Fully carbon-neutral, the Depot Road Business District generates all its energy via on-site solar roof panels, forwarding savings directly to tenants at a competitive rate of $0.36 per kWh.
Amenities include 10 Tesla Level 2 EV charging stations, a repaved parking lot, and a remodeled cafeteria. The site also offers climate-controlled warehousing and storage equipped with preinstalled pallet racking and an interior loading dock for secure operations.
Situated at the end of a quiet, dead-end road, Depot Road Business District combines modern design with meticulous upkeep. Its strategic location—just 1 mile from Exit 41 on Interstate 95 and 10 minutes from Downtown New Haven—ensures exceptional accessibility to local markets, making it a compelling investment opportunity for new ownership.
The property features comprehensive climate control, advanced access systems, strategically placed panic pulls, and extensive CCTV coverage alongside a burglar alarm system to ensure tenant safety and security. Fully carbon-neutral, the Depot Road Business District generates all its energy via on-site solar roof panels, forwarding savings directly to tenants at a competitive rate of $0.36 per kWh.
Amenities include 10 Tesla Level 2 EV charging stations, a repaved parking lot, and a remodeled cafeteria. The site also offers climate-controlled warehousing and storage equipped with preinstalled pallet racking and an interior loading dock for secure operations.
Situated at the end of a quiet, dead-end road, Depot Road Business District combines modern design with meticulous upkeep. Its strategic location—just 1 mile from Exit 41 on Interstate 95 and 10 minutes from Downtown New Haven—ensures exceptional accessibility to local markets, making it a compelling investment opportunity for new ownership.
Sale Flyer
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$873,400
|
$12.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$78,000
|
$1.13
|
| Effective Gross Income |
$795,400
|
$11.55
|
| Taxes |
$45,670
|
$0.66
|
| Operating Expenses |
$9,020
|
$0.13
|
| Total Expenses |
$54,690
|
$0.79
|
| Net Operating Income |
$740,710
|
$10.76
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $873,400 |
| Annual Per SF | $12.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $1.13 |
| Effective Gross Income | |
|---|---|
| Annual | $795,400 |
| Annual Per SF | $11.55 |
| Taxes | |
|---|---|
| Annual | $45,670 |
| Annual Per SF | $0.66 |
| Operating Expenses | |
|---|---|
| Annual | $9,020 |
| Annual Per SF | $0.13 |
| Total Expenses | |
|---|---|
| Annual | $54,690 |
| Annual Per SF | $0.79 |
| Net Operating Income | |
|---|---|
| Annual | $740,710 |
| Annual Per SF | $10.76 |
Property Facts
| Price | $10,000,000 | Rentable Building Area | 68,842 SF |
| Price Per SF | $145 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1977 |
| Sale Conditions | Lease Option | Parking Ratio | 1.15/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 23’ |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 1 |
| Building Class | A | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 4.67 AC |
| Price | $10,000,000 |
| Price Per SF | $145 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Lease Option |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | A |
| Lot Size | 4.67 AC |
| Rentable Building Area | 68,842 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.15/1,000 SF |
| Clear Ceiling Height | 23’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Mezzanine
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Car Charging Station
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Wholesaler
- 42,456 SF
- $10.02
- Modified Gross
- Nov 2031
Welcome to New England Gypsum (NEG), Karpp, & Trowel Trades Supply – home to one of the largest selections of quality construction materials and building supplies across New England. Founded in 2018, New England Gypsum (NEG) has grown quickly, becoming a trusted partner for local residential and commercial construction customers. NEG serves New England clients through its building supply yards in Connecticut (Hartford, Milford), Maine (South Portland), and New Hampshire (Manchester).
-
- Arts, Entertainment, and Recreation
- 3,670 SF
- $17.07
- Modified Gross
- Apr 2031
Revolution Basketball Training, located in Manchester and Milford, CT trains athletes to manage and develop their skills through Individual, Intense, & Innovative (the “Triple I”) basketball skill development in a small group setting with a consistent regimen of practice. Revolution features basketball Skill Specialists who teach and demonstrate high-level skill development by breaking down footwork, body positioning, ball handling and shooting mechanics with intensity, speed and repetition to help athletes find more success with their own game.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Wholesaler | 42,456 SF | $10.02 | Modified Gross | Nov 2031 | |
|
|
Arts, Entertainment, and Recreation | 3,670 SF | $17.07 | Modified Gross | Apr 2031 |
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
67
1 h 37 m
Boston
694,583
144
2 h 59 m
Philadelphia
1,584,138
163
3 h 29 m
Baltimore
602,495
262
5 h 24 m
Washington
702,455
296
6 h 11 m
Raleigh
469,298
554
11 h 20 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
512,059
Total Labor Force
275,699
Unemployment Rate
4.16%
Median Household Income
$71,685
Warehouse Employees
39,365
High School Education Or Higher
90.30%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Captain Catch Seafood Restaurant | American | $$$ | 22 min walk |
| Dunkin' | Cafe | - | 26 min walk |
Retail |
||
|---|---|---|
| VCA Animal Hospitals | Animal Care/Groom | 16 min walk |
| UPS | Business/Copy/Postal Services | 24 min walk |
| United States Postal Service | Business/Copy/Postal Services | 27 min walk |
| Krauszer's Food Store | Supermarket | 28 min walk |
Hotels |
|
|---|---|
| Homewood Suites by Hilton |
121 rooms
5 min drive
|
| Courtyard |
121 rooms
5 min drive
|
| Hyatt Place |
86 rooms
6 min drive
|
| Hilton Garden Inn |
120 rooms
6 min drive
|
zoning
| Zoning Code | Limited Industrial (The attachment contains a zoning list of permitted and conditional uses for the Limited Industrial zone.) |
| Limited Industrial (The attachment contains a zoning list of permitted and conditional uses for the Limited Industrial zone.) |
Sale Advisor
Sale Advisor
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252-262 Depot Rd
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