87 Meadowland Dr, South Burlington, VT 05403
180,710 SF | Industrial Building | South Burlington, VT 05403 | $9,000,000 ($50/SF) | 11% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 27 days
Asking Price $9,000,000
- Property Type
-
Industrial
- Price / Square Foot
- $50
Listing Contacts
Steve Donahue
Property Overview
87 Meadowlands Drive is a 180,710 square foot corporate manufacturing, warehouse, and distribution facility constructed in multiple phases over the last 40 years with the initial 1981 building being 65,000 SF office and manufacturing building for Micron Computers. Additions added in 1987, 1993, and 1998 as Lane Press took over and expanded the facility for their growing printing press operation.
The facility is well situated on a 31.26 acre site which includes 11,000 SF offices on two levels, manufacturing, high bay warehouse, shipping and receiving, several parking fields for employee, guest parking, and tractor trailer access to 11 loading docks in multiple strategic locations. Opportunity to own a fully occupied industrial facility in a central Chittenden County, Vermont location.
25,000 SF of finished office
34,00 SF of semi-finished manufacturing
110,000 SF of manufacturing, warehouse, receiving and delivery areas
In Place Income/Short Term Lease — $824,460
Projected Long Term Income/NOI — $1,100,000
Projected Cap Rate— 11%
The facility is well situated on a 31.26 acre site which includes 11,000 SF offices on two levels, manufacturing, high bay warehouse, shipping and receiving, several parking fields for employee, guest parking, and tractor trailer access to 11 loading docks in multiple strategic locations. Opportunity to own a fully occupied industrial facility in a central Chittenden County, Vermont location.
25,000 SF of finished office
34,00 SF of semi-finished manufacturing
110,000 SF of manufacturing, warehouse, receiving and delivery areas
In Place Income/Short Term Lease — $824,460
Projected Long Term Income/NOI — $1,100,000
Projected Cap Rate— 11%
Property Details
- Class
- B
- Year Built/Renovated
- 1981/1998
- Stories
- 1
- Lot Size (sq. ft)
- 1,361,686 SF
Highlights
- Ample in place infrastructure including water, electrical power, natural gas, storm water, parking, loading docks and more.
- Single tenant occupancy with long standing Lane Press Manufacturing leasing the entire facility.
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