291 Pepes Farm Road in Milford

Angel Commercial, LLC, as the exclusive broker, is offering for sale 291 Pepes Farm Road in Milford, CT, listed at $2,800,000. The property is fully leased to a full-service electronics assembly manufacturing company, CCK Automations, LLC (doing business as “OSDA”). They have a NNN lease with annual escalations through July 31, 2030, generating an average Net Operating Income (NOI) of $224,839 per year over the six-year term, with a cap rate of 8.03%.

This freestanding industrial flex building, built in 1985, spans 17,539 SF on 1.66 acres in a Light Industrial (LI) zone. It is fully air-conditioned and features warehouse space with a 14' ceiling height, six private offices, an open office area with a reception desk, a training room, a kitchenette / breakroom, and four restrooms. The property also includes two loading docks with levelers, making it highly functional for a variety of industrial and commercial uses. With handicap accessibility, prominent signage, and 32 parking spaces, it offers both convenience and visibility.

Strategically located just 1.5 miles from I-95 (Exit 40) and 4.7 miles from the Merritt Parkway (Exit 55), the property provides easy access to major highways. It is also 3.9 miles from Milford Train Station, 10.5 miles from Sikorsky Memorial Airport, and 16 miles from Tweed New Haven Airport, ensuring excellent connectivity for logistics and transportation. It is near the Connecticut Post Mall, the largest mall in the state with over 1.3 million square feet of space anchored by Macy’s, Target, Boscov's, Dick's Sporting Goods, and LA Fitness. It is also near Walmart, Home Goods, Lowe’s, Cracker Barrel Country Store, Hilton Garden Inn, Holiday Inn Express, and M&T Bank.

This industrial flex property benefits from a stable, long-term tenant, ensuring reliable income for the foreseeable future. The building’s versatile design supports both office and warehouse functions, appealing to a wide range of potential future uses. Additionally, its proximity to major retailers and hotels offers employees and visitors convenient access to amenities and services.