70
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TURNPIKE INDUSTRIAL ROAD
westfield, ma
INDUSTRIAL FOR LEASE SPACE OPTIONS FROM 50,000 TO 241,723 SF
AVAILABLENEW IMMEDIATELY OWNERSHIP
FULL LEASING COMMISSIONS AVAILABLE FOR COOPERATING BROKERS DAMON BOWERS Director damon.bowers@cushwake.com (860) 604-7236 A licensed real estate salesperson in CT and MA affiliated with Cushman & Wakefield of Connecticut, Inc.
Cushman & Wakefield of Connecticut, Inc. 280 Trumbull Street 21st Floor Hartford, CT 06103 860 249 0900 cushmanwakefield.com
70
TURNPIKE INDUSTRIAL ROAD
westfield, ma
70 Turnpike Industrial Road is a 241,723-square foot, single-story industrial building located in Westfield, MA. The property offers 128,000 square feet of warehouse space with 32' to 36' ceiling heights, 102,000 square feet of production /warehouse space with 23' to 26' ceiling heights and 12,000 square feet of office space. It also features abundant parking and outdoor storage, heavy power, 14 loading docks (expandable) and two drive-in doors. 70 Turnpike Industrial Road is situated in a business park setting one mile from Exit 3 of the Massachusetts Turnpike/I-90 with easy access to I-91. The Bradley International Airport is located 20 miles south of the property.
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PROPERTY FEATURES • 241,723-square foot building featuring warehouse, production and office space set on 30 acres • New ownership - Institutional background • Improvement allowance packages for Tenants • Space options from 49,350 to 241,723 SF • High-bay ceilings (up to 36' clear) • Heavy power - 9,800 Amps @ 277/480 Volt • Large yard with abundant parking and outside storage • 14 loading docks (expandable) and two drive-in doors • Efficient, flexible design ideal for single-tenant occupancy with great subdivision potential • Business park setting just one mile from the Massachusetts Turnpike • Rail accessibility
RAIL SIDING SCHEMATIC
70
TURNPIKE INDUSTRIAL ROAD
westfield, ma
SUBDIVISION POSSIBILITIES
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70
TURNPIKE INDUSTRIAL ROAD
westfield, ma
SPECIFICATIONS BUILDING SIZE
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Warehouse: Production: Office:
241,723 SF 128,000 SF 102,000 SF 12,000 SF
LAND AREA
30 acres
ZONING
IA – Industrial “A” Zone
YEAR BUILT
1983 with 128,000-square foot warehouse expansion in 1995
ROOF
50% 2018 Membrane 50% 1995 Standing Metal Seam
CEILING HEIGHT
Warehouse: 32' - 36' Production: 23' - 25'
UTILITIES
Electricity: Westfield Gas & Electric Gas: Westfield Gas & Electric Water/Sewer: Municipal
POWER
4 Services totaling 9,800 AMPS, 277/480 volts, 3-phase Bus bar distribution
A/C
Office only
SPRINKLERS
Wet system, ESFR in high-bay warehouse
LIGHTING
Fluorescent
LOADING
14 docks (expandable), two drive-in doors
PARKING/ STORAGE
Large yard for parking and outside storage (expandable)
R.E. TAXES
$0.56/SF
LEASE RATE
$4.50 NNN
AVAILABLE
Immediately
RAIL
Provider: Pinsly RR Company Rail spur available
2017 -2018 BASE BUILDING IMPROVEMENTS • Full roof maintenance (50% replacement) • Demolition of extraneous walls creating open shell condition • Installation of 5 high efficiency Cambridge units to heat warehouse • New roof and HVAC equipment in 12,000 SF office area • New facade • Parking lot seal
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70
TURNPIKE INDUSTRIAL ROAD
westfield, ma
ECONOMIC INCENTIVES The Massachusetts Economic Incentive Program is a tax incentive program designed to foster full-time job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for full-time job creation, manufacturing job retention and private capital investments. Benefits may include; • Tax Increment Financing • Special Tax Assessment – coordinated with city of Westfield for incentives and abatements over a 5-20 year period • Research & Development Tax Credit – for manufacturers and R&D companies • Investment Tax Credit – 3% credit for qualifying businesses against the MA corporate excise tax • Single Sales Factor – while many states use a 3 factor formula to determine net income which increases tax burdens, MA uses a single sales factor for qualified manufacturers and other companies • Workforce Training Funds 5
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ME
93
SPRINGFIELD
15 MILES
BOSTON
96 MILES
HARTFORD
40 MILES
NEW YORK CITY
155 MILES
ALBANY
76 MILES
PROVIDENCE
91 MILES
NEW HAVEN
84 MILES
NH
89
16
CONCORD
95
PORTSMOUTH
Manchester • Boston Regional Airport
Pease International Tradeport
101
MANCHESTER 495 3
91
VT
BOSTON 95
70
90
Logan International Airport
93
128
90
TURNPIKE INDUSTRIAL ROAD
westfield, ma
3
MA
87
395
Bradley International Airport
CT NY
495
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90
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RI
HARTFORD
Southbury 91 8
84
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87
RD
202
EXIT 3
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NEW YORK CITY
RD
NJ
95
SO
MO
UT
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AM
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ON
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CORPORATE NEIGHBORS
DAMON BOWERS Director damon.bowers@cushwake.com (860) 604-7236 A licensed real estate salesperson in CT and MA affiliated with Cushman & Wakefield of Connecticut, Inc.
Cushman & Wakefield of Connecticut, Inc. 280 Trumbull Street 21st Floor Hartford, CT 06103 860 249 0900 cushmanwakefield.com
Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.