Traditional Site

283 Main St - New Hartford, CT  06057

Marcus & Millichap is pleased to offer for sale Waring Park Self Storage & Commercial Space, located at 283 Main Street in New Hartford, Connecticut. The building was originally constructed as the headquarters and manufacturing facility for the Waring Corporation, famous for the Waring Blender. This asset is a newly renovated mixed use property with retail, industrial, offi ce, and self-storage space totaling 203,337 square feet. The storage facility is the only authorized U-Haul dealer in the submarket and utilize their reservation system. The property has direct visibility from Main Street (CT Route 44) with three means of ingress and egress.

The industrial and retail component is tenanted by Atlas Commercial Products, Collinsville Antiques, Fuel Cell Energy, NW Gymnastics, Brewery Legitimus, Inertia Dynamics, Pristine Landscaping, DBA Dance, and RoShamBo Hair Studio. These tenants have well-staggered leases and cover 116,116 SF of the building. Self storage occupies 36,429 SF with 266 climate-controlled units; there is also an additional 37,710 SF area the houses indoor boat, car, and RV storage. Plans and drawings in place to add 9,010 net rentable square feet of self storage and an expanded professional management offi ce.

$8,500,000
Property Type:
Traditional Site 
Status :
Available 
Gross Square Feet:
203,337 Sq Ft
Rentable Square Feet:
27,410 Sq Ft
Acreage:
14.69 Acres
Number of Units:
266 Unit(s)
Room For Expansion
Yes
Cap Rate:
8.13 %
Days Listed:
18 Days
Updated:
02/05/19 

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