FOR SALE 204 ACRES AVAILABLE · full-service hotels, conference centers, extended-stay hotels and...

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SITE 1 (160.34 ACRES) SITE 2 (43.98 ACRES) www.cbre.com/windsordevelopmentland FOR SALE CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture 20 ONE MILE TO BRADLEY INTERNATIONAL AIRPORT 20 MINUTES TO SPRINGFIELD, MA 20 MINUTES TO HARTFORD, CT 1190 KENNEDY ROAD/ 451 HAYDEN STATION ROAD 1201 KENNEDY ROAD 204 ACRES AVAILABLE TWO SITES, PRIME DEVELOPMENT OPPORTUNITY KENNEDY ROAD Windsor, CT 91 EXIT 40 EXIT 39 THE OPPORTUNITY EXCELLENT DISTRIBUTION/OFFICE/R&D/WAREHOUSE POTENTIAL CBRE/New England is pleased to present two land sites for sale along Kennedy Road and Route 20 in Windsor, CT. Both parcels are adjacent to each other and share common features. Topography is primarily flat and cleared. 1201 Kennedy Road is a total of 160.34 acres with couple areas with slope and stream beds, which can be easily circumvented with proper site planning. This parcel features excellent visibility from Route 20. 1190 Kennedy Road/451 Hayden Station Road is a total of 43.98 acres, completely cleared, flat and ready for development. There are no topographical or wetland impediments to site layout. Both sites have all utilities available to or near the property including municipal water and sewer, natural gas, electricity and all telecom capabilities. + 1201 Kennedy Road: 160.34 acres + 1190 Kennedy Road/451 Hayden Road: 43.98 acres + Flat topography, ideal for development, no wetlands + Zoning: Industrial (permitted uses include distribution, manufacturing, office and R&D) + Ideal, centralized location just one mile to Bradley International Airport and approximately 20 minutes to Hartford, CT and Springfield, MA via Interstate 91 + Part of the Bradley Airport Development Zone (tax incentives to area businesses utilizing the airport) PRICING Contact listing agent for details.

Transcript of FOR SALE 204 ACRES AVAILABLE · full-service hotels, conference centers, extended-stay hotels and...

Page 1: FOR SALE 204 ACRES AVAILABLE · full-service hotels, conference centers, extended-stay hotels and retail that are accessory to the primary facility. TAXES The Town of Windsor underwent

SITE 1(160.34 ACRES)

SITE 2(43.98 ACRES)

www.cbre.com/windsordevelopmentland

FOR SALE

CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture

20

ONE MILE TO BRADLEY INTERNATIONAL AIRPORT

20 MINUTES TOSPRINGFIELD, MA

20 MINUTES TOHARTFORD, CT

1190 KENNEDY ROAD/451 HAYDEN STATION ROAD

1201 KENNEDY ROAD

204 ACRES AVAILABLETWO SITES, PRIME DEVELOPMENT OPPORTUNITYKENNEDY ROADWindsor, CT

1284

225

91

EXIT 40

EXIT 39

THE OPPORTUNITYEXCELLENT DISTRIBUTION/OFFICE/R&D/WAREHOUSE POTENTIAL

CBRE/New England is pleased to present two land sites for sale along Kennedy Road and Route 20 in Windsor, CT. Both parcels are adjacent to each other and share common features. Topography is primarily flat and cleared. 1201 Kennedy Road is a total of 160.34 acres with couple areas with slope and stream beds, which can be easily circumvented with proper site planning. This parcel features excellent visibility from Route 20. 1190 Kennedy Road/451 Hayden Station Road is a total of 43.98 acres, completely cleared, flat and ready for development. There are no topographical or wetland impediments to site layout. Both sites have all utilities available to or near the property including municipal water and sewer, natural gas, electricity and all telecom capabilities.

+ 1201 Kennedy Road: 160.34 acres

+ 1190 Kennedy Road/451 Hayden Road: 43.98 acres

+ Flat topography, ideal for development, no wetlands

+ Zoning: Industrial (permitted uses include distribution, manufacturing, office and R&D)

+ Ideal, centralized location just one mile to Bradley International Airport and approximately 20 minutes to Hartford, CT and Springfield, MA via Interstate 91

+ Part of the Bradley Airport Development Zone (tax incentives to area businesses utilizing the airport)

PRICINGContact listing agent for details.

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TWO SITES, PRIME DEVELOPMENT OPPORTUNITY204 ACRES AVAILABLE

BRADLEY INTERNATIONAL AIRPORT

WINDSORLOCKS

WINDSOR

SITE 1

SITE2

20

1284

225

91

EXIT 39

1201 KENNEDY ROAD

1190 KENNEDY ROAD/451 HAYDEN STATION ROAD

ONLINE RETAILER(FULFILLMENT CENTER)

(DISTRIBUTION CENTER)(DISTRIBUTION CENTER)

(DISTRIBUTION CENTER)

187

(DISTRIBUTION CENTER)

20

MARKET AERIAL

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FOR SALEKENNEDY ROAD

Windsor, CT

PROPERTY FEATURES

ZONING

The current zoning is Industrial (I) for both properties. A small portion of

the southwest boundary (over five acres) of 1201 Kennedy Road is zoned

agricultural (AG). Permitted uses include warehouse/distribution,

manufacturing, R&D and general office. Uses by special permit include

full-service hotels, conference centers, extended-stay hotels and retail

that are accessory to the primary facility.

TAXES

The Town of Windsor underwent revaluation effective October 1, 2013.

Those real estate values will remain in place for five years, until 2018

when a revaluation will take place. Property is assessed at 70% of

market value. The mill rate is 30.92 mills. The properties are currently

being taxed as farmland. Any other uses that are developed on the land

would be taxed at a different rate to go into effect as soon as the present

use ceases. Current annual taxes on the combined properties is

$24,760.84.

BRADLEY AIRPORT DEVELOPMENT ZONE (BADZ)

The Bradley International Airport, New England’s second largest, is a

major economic driver for Connecticut. The BADZ extends tax incentives

to airport-related firms utilizing the airport for distribution,

manufacturing and other specified use. If they handle goods shipped by

air, warehousing and motor-freight distribution uses qualify for

incentives. Business services also qualify if its determined that they

depend upon or relate directly to the airport. Newly constructed,

renovated or expanded facilities qualify for property tax exemption

based on the value of the improvement. The exemption equals 80% of

improvement’s assessed value and is applicable for five years.

Businesses developing or acquiring a facility also qualify for a five-year,

80% exemption on the assessed value of machinery and equipment they

install. Businesses that qualify for property tax exemptions also qualify

for a 10-year corporation business tax credit equal to the portion of the

tax attributable to the facility. The credit equals 25% of the tax.

WINDSORLOCKS

1284

225

91

EXIT 40

EXIT 42

EXIT 41

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© 2017 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited orany of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate withrespect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: P09 MapId: 4583287

1201 KENNEDY ROAD

CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture

www.cbre.com/windsordevelopmentland

CONTACT US

+ Immediate access to Interstate 91 via

Route 20 (Exit 40) and 0.25 miles away

via Kennedy Road (Exit 39). Easy access

to all major area highways and one mile

to Bradley International Airport

+ Nearby key distribution centers include

Dollar Tree FedEx, Home Depot,

HomeGoods, UPS, Walgreens plus

corporate neighbors ADP, Cigna,

Hamilton Sunstrand, Kaman, Konica

Minolta, Permasteelisa, The Hartford,

Travelers, United Healthcare, United

Technologies, Voya and more

+ Area amenities include Price Chopper,

hotels (Courtyard by Marriott, Marriott

Hotel and Conference Center, Hilton

Garden Inn, Hyatt House) and numerous

restaurants and retail services

+ 20-minute drive to Hartford, CT and

Springfield, MA

LOCATION HIGHLIGHTS

© 2017 CB Richard Ellis – N.E. Partners, LP. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

RANDALL KOLADIS, LEED® APSenior Vice President+1 860 987 [email protected]

204 ACRES AVAILABLE • WINDSOR, CT

Bradley International Airport

TWO SITES, PRIME DEVELOPMENT OPPORTUNITY204 ACRES AVAILABLE

FOR SALEKENNEDY ROAD

Windsor, CT

SITE 1

SITE 2