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456 Sullivan Ave | South Windsor, CT
Stan Johnson Company is pleased to offer for sale to qualified investors a new state of the art FedEx Ground “package sorting facility” containing 224,061 SF located in South Windsor (Hartford), Connecticut.
The property is 100% leased to FedEx Ground Package Systems, Inc. under a fifteen (15) year NN Lease with rental increases every five years.
The property is located on Sullivan Avenue with easy access to Interstate 91 and Interstate 84.
Currently under construction—December 1, 2012 completion and rent commencement
Fifteen (15) year lease with Two (2), Five (5) year renewal options, 100% leased to FedEx Ground Package Systems, Inc.
2.0% rent increases in Years 6 and 11
The facility is designed to be expanded by an additional 80,188 SF, bringing the total building size to 304,249 SF
Property is located approximately 10 miles from downtown Hartford, CT and in close proximity to the north/south transportation artery of Interstate 91 and the east/west transportation artery of Interstate 84
South Windsor is situated just northeast of Hartford and is part of the Hartford-West Hartford-East Hartford, CT Metropolitan Statistical Area, which has a population of approximately 1.2 million residents.
Collectively, the Hartford Metropolitan Region is nicknamed the Knowledge Corridor because it contains 32 universities and colleges, with approximately 160,000 university students. The Knowledge Corridor region has a workforce of 1.1 million people and over 41,000 businesses. The region’s two major cities, Hartford and Springfield, have a combined GDP exceeding $100 billion per year and collectively has one of the highest per capita incomes in the United States.
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