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Edelman Leather Company 80 Pickett District Rd 63,267 SF 37% Leased Industrial Building New Milford, CT 06776 $9,422,460 CAD ($148.93 CAD/SF)
INVESTMENT HIGHLIGHTS
- For Sale at $6,750,000 or Lease at $10.75 s.f. Modified Gross
- Per Forma NOI for 2024 - $463,760 - Taxes of $40,877 - Expenses of $3.00 s.f.
- 40-60M s.f. of possible expansion - Water / Gas / Septic - Level Site
- 63,267 s.f. Industrial Building - Built in 1956 - 8 Acres
- Excellent business environment in the Town of New Milford
- Call J. Michael Struna or Chris Cosio at 203-798-9345 to discuss your investment requirements
EXECUTIVE SUMMARY
Discover a versatile 63,267 sq. ft. industrial space, newly available for lease starting September 1, 2024. This prime facility, formerly occupied by Edelman Leather Company, offers exceptional flexibility for businesses seeking a strategic location with room to grow.
Situated just off Route 7 on Pickett District Road in New Milford, this property boasts excellent accessibility, being only 12 miles from I-84. The 8-acre site, zoned RI (Restricted Industrial), provides ample space for operations and future expansion, with potential for an additional 40,000-60,000 sq. ft.
Built in 1956 and recently updated in 2024, this 63,267 sq. ft. building (including a 3,000 sq. ft. mezzanine) features full HVAC, making it ideal for various industrial uses. The facility offers 17'-18' ceiling heights, multiple bathrooms, a cafeteria, executive offices, bullpen areas, a showroom, and a central reception area.
For businesses seeking smaller spaces, the ownership is planning to subdivide the building into six industrial suites, ranging from 7,400 sq. ft. to 15,700 sq. ft. Each suite will have loading dock or drive-in door access, with some featuring office space and HVAC.
The property boasts excellent logistics capabilities with five loading docks, two indoor drive-in doors, and a spacious truck handling area. Ample on-site paved parking accommodates fleet vehicles, trucks, and employee cars.
Leasing is available at an aggressive rate of $10.75 per sq. ft. (Gross) in this tight industrial market. The facility is equipped with metered electric, city water, septic system, 277/480 volt power, and sprinklers. Conveniently located near Danbury, New Milford, Brookfield, Roxbury, Bridgewater, and Kent, this property offers easy access to restaurants and city services.
Don't miss this opportunity to secure prime industrial space tailored to your needs. Contact Mike Struna at 203-733-1290 or Chris Cosio at 203-524-8635 today to discuss your industrial warehousing requirements and schedule a viewing.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$647,372
|
$10.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$647,372
|
$10.23
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $647,372 |
| Annual Per SF | $10.23 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $647,372 |
| Annual Per SF | $10.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Ducts
- Front Loading
- Signage
- Reception
- Storage Space
- Air Conditioning
UTILITIES
- Gas - Propane
- Water - City
- Sewer - Septic Field
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Exciting New Industrial Opportunity in New Milford, CT. Spaces will be custom-configured to suit tenant needs, along with newly conditioned office spaces and bathrooms. Discover a versatile 7,000-40,000 sq. ft. industrial space, newly available for lease starting 1 June 2025. This prime facility, formerly occupied by Edelman Leather Company, offers exceptional flexibility for businesses seeking a strategic location with room to grow. Situated just off Route 7 on Pickett District Road in New Milford, this property boasts excellent accessibility, being only 12 miles from I-84. The 8-acre site, zoned RI (Restricted Industrial), provides ample space for operations and future expansion, with potential for an additional 40,000-60,000 sq. ft. Built in 1956 and recently updated in 2024, this 63,267 sq. ft. building features full HVAC, making it ideal for various industrial uses. The facility offers 17'-18' ceiling heights, multiple bathrooms, a cafeteria, executive offices, bullpen areas, a showroom, and a central reception area. For businesses seeking smaller spaces, the ownership is planning to subdivide the building into six industrial suites, ranging from 7,000 sq. ft. to 40,00 sq. ft. Each suite will have a loading dock or drive-in door access, with some featuring office space and HVAC. The property boasts excellent logistics capabilities with five loading docks, two indoor drive-in doors, and a spacious truck handling area. Ample on-site paved parking accommodates fleet vehicles, trucks, and employee cars. Leasing is available at an aggressive rate of $10.75 per sq. ft. (Gross) in this tight industrial market. The facility is equipped with metered electric, city water, septic system, 277/480 volt power, and sprinklers. Conveniently located near Danbury, New Milford, Brookfield, Roxbury, Bridgewater, and Kent, this property offers easy access to restaurants and city services. Don't miss this opportunity to secure prime industrial space tailored to your needs. Contact Mike Struna at 203-733-1290 or Chris Cosio at 203-524-8635 today to discuss your industrial warehousing requirements and schedule a viewing. Outdoor Storage and truck parking are available for lease. Possible sale with buyer broker agreement. Total 2024 Taxes: $43,508
| Space | Size | Space Use | Condition | Available |
| 1st Fl - Sub-Dividable | 7,000-40,000 SF | Industrial | Full Build-Out | Now |
1st Fl - Sub-Dividable
| Size |
| 7,000-40,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - Sub-Dividable
| Size | 7,000-40,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Exciting New Industrial Opportunity in New Milford, CT. Spaces will be custom-configured to suit tenant needs, along with newly conditioned office spaces and bathrooms. Discover a versatile 7,000-40,000 sq. ft. industrial space, newly available for lease starting 1 June 2025. This prime facility, formerly occupied by Edelman Leather Company, offers exceptional flexibility for businesses seeking a strategic location with room to grow. Situated just off Route 7 on Pickett District Road in New Milford, this property boasts excellent accessibility, being only 12 miles from I-84. The 8-acre site, zoned RI (Restricted Industrial), provides ample space for operations and future expansion, with potential for an additional 40,000-60,000 sq. ft. Built in 1956 and recently updated in 2024, this 63,267 sq. ft. building features full HVAC, making it ideal for various industrial uses. The facility offers 17'-18' ceiling heights, multiple bathrooms, a cafeteria, executive offices, bullpen areas, a showroom, and a central reception area. For businesses seeking smaller spaces, the ownership is planning to subdivide the building into six industrial suites, ranging from 7,000 sq. ft. to 40,00 sq. ft. Each suite will have a loading dock or drive-in door access, with some featuring office space and HVAC. The property boasts excellent logistics capabilities with five loading docks, two indoor drive-in doors, and a spacious truck handling area. Ample on-site paved parking accommodates fleet vehicles, trucks, and employee cars. Leasing is available at an aggressive rate of $10.75 per sq. ft. (Gross) in this tight industrial market. The facility is equipped with metered electric, city water, septic system, 277/480 volt power, and sprinklers. Conveniently located near Danbury, New Milford, Brookfield, Roxbury, Bridgewater, and Kent, this property offers easy access to restaurants and city services. Don't miss this opportunity to secure prime industrial space tailored to your needs. Contact Mike Struna at 203-733-1290 or Chris Cosio at 203-524-8635 today to discuss your industrial warehousing requirements and schedule a viewing. Outdoor Storage and truck parking are available for lease. Possible sale with buyer broker agreement. Total 2024 Taxes: $43,508
PROPERTY TAXES
| Parcel Number | NMIL-000018-000004-000038 | Improvements Assessment | $1,236,995 CAD (2025) |
| Land Assessment | $825,125 CAD (2025) | Total Assessment | $2,062,120 CAD (2025) |
PROPERTY TAXES
Presented by
Edelman Leather Company | 80 Pickett District Rd
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