70 Turnpike Industrial Road - Westfield MA

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

95

90

84

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

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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.