399 & 411 Churchmans Road Industrial | 242,800 SF

Leasing Contact

Keith Hontz Vice President – Asset Management Equus Capital Partners, Ltd. (610) 355-3215
(610) 355-3215
khontz@equuspartners.com

Property Description

399 and 411 Churchmans Road consist of two Class-B industrial buildings totaling 242,800 SF located in New Castle, DE.  The buildings were built in 1983 and expanded in stages between 1991 and 2009.

Each building has 26-foot clear heights, adequate loading, and are block and metal construction. 399 Churchmans is 117,300 SF and consists of 82% cooler/freezer and temperature-controlled space; 411 Churchmans is 125,500 SF and consists of 15% temperature-controlled space. Given the existing infrastructure, the buildings not only appeal to typical warehouse and distribution companies, but also to food, beverage, and pharmaceutical companies that require product to be stored in a temperature-controlled environment.

The buildings sit across the street from New Castle Airport, two-miles from I-95, and only 7 miles from The Port of Wilmington, the country’s largest import for fruit, produce, and juice concentrate.  New Castle County, like most industrial markets around the US, is currently experiencing strong industrial activity with high rent growth and historically low vacancy. The market is located along the I-95 corridor and benefits from the connectivity to most other major US cities along the east coast and robust transportation infrastructure, namely the Philadelphia International Airport, The Ports of Wilmington, Camden, and Philadelphia, in addition to the CSX and Norfolk Southern Railways. Amazon recently opened a 3.8 million square foot mega warehouse 5 miles from the site, which is the largest operational facility in the country.