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150 Red Mill Rd
Newark, DE 19711
Building A · Office Property For Sale
Investment Highlights
- High bay warehouse (24' ceiling height)
- Power: 3,600 amps / 1,500 kVA / 277/480v / 2 transformers (1,800 amps each)
- New roof in 2023 (17 years remaining on warranty)
- 100% air conditioned
Executive Summary
150 Red Mill Road in Newark, Delaware is a 60,000 square foot office, flex, and lab facility offering both in-place income and significant availability. One tenant provides existing cash flow, while approximately 46,253 square feet remains available, including first-floor lab space formerly used by Lycra for R&D and certified materials testing. The fully air conditioned and sprinklered building features high power, high bay space, two elevators, two shared loading docks, and abundant parking, making it well-suited for a range of users or investors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
60,000 SF
Building Class
B
Year Built/Renovated
1969/2017
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
30,000 SF
Slab To Slab
10’
Building FAR
0.08
Lot Size
16.71 AC
Zoning
OR
Parking
222 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 09-016.00-008 | Improvements Assessment | $3,524,809 CAD |
| Land Assessment | $2,955,436 CAD | Total Assessment | $6,480,245 CAD |
Property Taxes
Parcel Number
09-016.00-008
Land Assessment
$2,955,436 CAD
Improvements Assessment
$3,524,809 CAD
Total Assessment
$6,480,245 CAD
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