90 and 104 John W Murphy Drive are two single story industrial manufacturing buildings encompassing a total of 64,722 SF located in New Haven, CT. Industrial Flow Solutions, the prior owner, lease-backed 100% of the buildings. The investment offers the opportunity to acquire two fully renovated manufacturing buildings in a strong urban in-fill location. The building serves as the headquarters and manufacturing facility for the company. A new executive management team will execute the business strategy of acquiring companies in the pump manufacturing space and integrate these companies into the IFS platform at the property.
The Greater New Haven industrial market features over 80.5MM SF of inventory and includes 19 municipalities that stretch along I-91 and I-95, with the largest concentrations being in Waterbury, Wallingford, North Haven, New Haven and Milford. Overall the market features approximately 50% warehouse and logistics, 35% specialized industrial and 15% industrial-flex space. Ideally located a ¼ mile from I-91 and 1-mile from the junction with I-95 in New Haven, the properties in-fill location offers easy access for transportation of materials by water, air and ground. Impressive 5-mile radius demographics with an estimated population of 265K, average household-income of $77,547, median age of 36.4 and 166.7K total employees. In addition, the proximity to Yale University and other surrounding academic institutions helps to support a skilled manufacturing labor pool which is important to manufacturing companies looking to locate in the Greater New Haven area.