+/- 68,000 SF industrial manufacturing sale / partial leaseback opportunity - located in the heart of Milford in Kent County, the First State Manufacturing facility is available as an industrial investment opportunity.

This sale offering includes a leaseback from First State Manufacturing of +/- 34,000 SF on a triple net basis. The lease term shall be an 8 year term with base rent of $6.50 PSF increasing 3% annually. A slightly below market rent allows a buyer to realize additional income/upside in the event tenant were to leave at the end of their 8 year term. The remaining 34,000 SF will be delivered vacant and consists of office/production space and fully conditioned warehouse. Ideal opportunity for a user seeking space and additional income OR for a pure investment and the opportunity to achieve long term stable cashflow.

The 68,000 SF building is comprised of Class A office space and fully conditioned warehouse space. Conveniently located between Rt 113 and Rt 1, the wood/steel building has a poured concrete slab foundation and a flat rubber membrane roof. The building was completed renovated in 2011 and is fully sprinkled and has solar panels to increase efficiency. Drive in and dock high loading capabilities are both available. Based on the minimal inventory available, we expect to see strong demand for the vacant warehouse/manufacturing space.