2664-2666 State Street

WSb14Ax9

20200831_105642

20190903_172829

a1 warehouse

20190807_120700

20190611_120724

Bldg B 3 exec office

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Hamden, CT

2664-2666 State Street is a three building industrial and office property located on Route 5 in Hamden. The property offers a variety spaces for users from high bay industrial warehouse, to office and flex space. There is also retail/office options along State Street where there is strong visibility and traffic. The site is well positioned within about 1 mile from highway access to I-91 and the route 40 connector. The city of New Haven is a short distance to south on State Street.

NHG bought this multi tenant property in 2019 for $2,500,000 when the property was 35% occupied. Over the course of a two year period (one of which was the heart of Covid) we repositioned the property through a strategy to invest in deferred maintenance and redeploy spaces for relevant uses and market vacant spaces that had been vacant for many years. In some cases, spaces were re-positioned for new uses which resulted in bringing the park to 100% occupancy. The property was sold in late 2022 for $6,725,000, which created significant value creation.

Highlights

Great access to all points surrounding the region

Variety of spaces for many uses

Great parking and visibility

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Leasing Flyer