This banked owned 1031 eligible commercial property is a 234,000 SF cold-storage facility situated on 76.17 acres just 2 miles off of I-295 in Cranston, RI. The facility was built in 1987 and 1989 and is in good condition. There is also a large storage facility and repair garage in the back of the property that can be used to store vehicles or other property maintenance materials.
The property is comprised of 80,988 SF of freezer space, 67,957 SF of cooler/refrigerated space, both food-grade, 40,550 SF of refrigerated shipping dock space, 3,360 SF for a material handling maintenance shop, 8,920 SF for a battery charging area and 22,625 SF of office space and personnel facilities including locker rooms. The space has 30’ clear ceiling heights and 34 dock-height loading doors with levelers. First Bank / Illinois owns the property and has clear title on the facility.
Asking price is $12,000,000. To view more information download the following pdf file. Contact Ken Knoll at First Bank of Illinois at 847-654-4411.
