The Hampshire Company, a full service, private real estate investment firm with assets valued at more than $2.3 billion, has sold a portfolio of three industrial properties to a private buyer on September 6, 2017. In total, the portfolio was sold for $7,550,000 and contained 117,992 square feet of combined flex/industrial space. Details of the portfolio are as follows:
- 83 White Oak Drive in Berlin, CT. The property contains a 50,354 square foot, single-story industrial facility built in 1995. In 2002, a 20,000 square foot addition was constructed and the building was further renovated in 2010. The improvements sit on a 3.91 acre parcel in the Riverbend Industrial Park. The property was listed for $3,000,000 and closed at $2,000,000.
- 81 Fuller Way in Berlin, CT. Built in 1989, the single-story industrial building features 22,138 square feet of space with two loading docks and a drive-in door. At the time of sale the building was 100% leased by Space Electronics, a manufacturer of aerospace mass properties measurement instruments. The property individually closed at a $1,200,000 sale price.
- 55 Old Ridgebury Road in Danbury, CT. Two industrial buildings, totaling 42,500 and 3,000 square feet, located on a 5.21 acre parcel. The larger building was constructed in 1968 with renovations taking place in 1985, 2007 and 2016 and includes 13’-14′ ceilings with two elevated loading docks. Constructed in 1981, the smaller building is used as a maintenance depot and contains four overhead drive-in doors and 15’ ceilings. The individual sale price is $4,350,000.