14 Terrys LoopManchester, VT 05255

Property Details for 14 Terrys Loop

Year built

1990

Lot size

3.81 AC

Property size (Sq ft)

38,346 SF

Property type

Warehouses

Property subtype

Office properties

Description

This exceptional investment opportunity presents a 38,346 square foot, multi-tenant industrial park in Manchester, Vermont. The property, located at 14 Terrys Loop, boasts a 7.64% cap rate and a strong net operating income (NOI) of $275,000. Currently 100% occupied with 25 tenants under NNN leases averaging two years remaining, the property offers immediate cash flow. Comprising seven buildings on a 3.81-acre lot, the park features a mix of apartment, flex, and warehouse spaces, ideal for diverse business needs. Built in 1990 and renovated in 2024, the property includes 2 loading docks, 2 dock-high doors, and 14-foot ceilings. The property is zoned MU2 and offers excellent access to major transportation routes. The asking price is $3,600,000, translating to $93.88 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing industrial park in a desirable Vermont location. The lease commencement date is November 5, 2024, and the lease expiration date is November 5, 2026. The property is owned by an LLC.

Location Insight

City

Manchester

County

Bennington

State

Vermont

Latitude

43.1602

Longitude

-73.0484

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