80 Pickett District Road, New Milford, CT 06776

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J. Michael S.

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Building Details:

• Year Built: 1956

80 Pickett District Road is an industrial property for lease in New Milford, CT.

INVESTMENT SALE: $2,950,000. This 63,967 s.f. industrial building is currently fully occupied by Edelman Leather company and a sale / leaseback by John Edelman the current building owner. Edelman Leather Company is a subsidiary of Knoll Inc. You can check out their financials by clicking on the enclosed link in "Media and Attachments". The Edelman Leather lease expires 12/31/2019. The proposed sale leaseback expires 12/31/2015. The 2014 NOI is estimated at $301,800.

The property has 700' of frontage on Pickett District Road and located adjacent to Kimberly Clark. The building footprint is 61,156 with a 2800 s.f. cafeteria mezzanine. Roof age is estimated at 12 years old. Ceiling height in warehouse areas estimated at 18'. The building is sprinklered, has public water, septic and gas. The current taxes are $39,181.00 for the July 2013 to June 2014 tax year.

This is an ideal location just off 4 lane highway (Route 7) on Pickett District Road. The building is located on 8 acres zoned RI (Restricted Industrial) in central New Milford. There is excellent on site paved parking for fleet vehicles, trucks, and employee cars. This 63,967 s.f. building was built in 1956. It has loading docks and a drive in door. There is a tractor trailer handling area with easy access to both docks and the drive-in door.

Heat is provided with propane gas, electric is sub-metered, city water, septic, 277/480 volts, and full sprinklers. 7,500 s.f. is available for lease at $7.50 s.f. gross plus utilities. It is aggressively priced! The available space has 16’ ceiling height, two bathrooms, and 10% office space included. Call Mike Struna for an appointment and tour the space today…… 203-798-9345

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