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36 Precision Dr
North Springfield, VT 05150

Property For Lease

Highlights

  • Two miles from Hartness State Airport featuring Vermont’s second longest runway at 5,500 feet.
  • 50,400 square feet was added in 1982.
  • Located in a Federal Opportunity Zone with potential eligibility for Vermont State Economic Development Incentives.
  • Major improvements and replacements have been made to mechanical and structural systems over the past several years.

Property Overview

Mid-Mile Logistics Facility consists of a single-story industrial building situated on a large, ±213-acre site. The building's footprint spans 344,035 SF (industrial: 314,271 SF/office: 29,764 SF), with an additional 29,764 SF of second floor office space fully leased to Precision Valley Communications. Features include 22’ to 28’5” ceiling heights, 27 loading docks, 7 drive-in doors, 100% wet sprinkler coverage, and an ADT security system monitoring all exterior doors. Power (4,000A, 480V, 3Phase, 4Wire) is provided to entire building via three substations, two rated at 1600 Amp and one rated at 1200 Amp. The large site includes paved parking for 250 cars and 64 trailers, as well as ample space to expand the facility and/or parking lot. Two portions of the site are currently ground leased to solar farms through June and November 2036. The site location is within a Qualified Opportunity Zone. The US Department of Treasury and IRS describes the program’s benefits as follows: “Qualified Opportunity Zones retain this designation for 10 years. Investors can defer tax on any prior gains until no later than December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund, an investment vehicle organized to make investments in Qualified Opportunity Zones. If the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold.”

PROPERTY FACTS

Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Manufacturing
Rentable Building Area 373,800 SF
Year Built/Renovated 1968/2007

Features and Amenities

  • Security System

Utilities

  • Lighting - Fluorescent
  • Gas - Propane
  • Water - City
  • Sewer - City
  • Heating
  • Listing ID: 4067128

  • Date on Market: 9/25/2016

  • Last Updated:

  • Address: 36 Precision Dr, North Springfield, VT 05150

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