Lender Owned | Industrial New Haven MSA

925 Sherman Avenue is an occupied 32,024 square-foot value-add industrial property with vacancies perfect for investors or owner/users. The industrial park location provides a professional climate for this building, which is currently utilized as a life sciences lab. The building features clear heights from 13-18 feet, heavy, three-phase power, ample parking, and is 100% air-conditioned. Perched on 4.7 acres this property has abundant outdoor space. This asset may continue to be used for flex-heavy businesses, or can easily be converted for traditional industrial occupants.

Situated blocks from the Quinnipiac University and only six miles from Downtown New Haven, 925 Sherman is well situated in close proximity to 568,000 people. Hamden, strategically located just north of New Haven, offers a dynamic environment ideal for industrial investment. The town boasts a robust infrastructure with convenient access to major highways such as Interstate 91 and Route 15, facilitating efficient logistics and distribution operations. The presence of a skilled workforce, bolstered by nearby academic institutions like Yale University and Quinnipiac University, further enhances the attractiveness of Hamden for industrial businesses. The area is home to a variety of industries, including manufacturing, technology, and healthcare, contributing to a stable and growing economic base. In recent years, Hamden has seen significant investment in both commercial and industrial sectors, with a focus on modernization and sustainability. The local government’s pro-business policies and incentives have spurred development and attracted numerous businesses seeking to capitalize on the town's strategic location and resources. With its blend of urban amenities and suburban comfort, Hamden provides an ideal setting for industrial operations, ensuring long-term growth and profitability for investors.

Within this submarket, logistics space is by far the largest subtype, with 2.1 million square feet in this category, followed by 1.3 million square feet of specialized space and 710,000 square feet of flex space. Rents have increased by 3.8% from where they were a year ago. In the past three years, rents have increased a whopping cumulative 21.3%. There have been seven sales over the past year. The most frequent of these transactions have been in the logistics space. This tracks with the overall mix in the submarket, as the subtype is the largest in Hamden. Over the past three years, there have been 20 sales, which have traded for approximately $14.9 million.

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