The single-story industrial/warehouse property, built in 1973, is situated on four acres and has 16-foot ceilings. The property has the potential for expansion of up to another 40,000 sf. The facility is located at the intersection of Routes 2 and 190. The property is fully occupied by Horizon Wire & Cable, a privately held company which is a division of Horizon Music Inc. Horizon recently renewed its lease on the site for another five years. The company utilizes the property for both manufacturing and distributing of its products.
According to Spaulding & Slye Collier's most recent statistics, the area's industrial market has an overall availability rate of about 15% as compared with its office market's rate of 34%. The average asking rent for industrial space in the area is about $6 per sf.
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