Brattleboro industrial properties up for sale
BRATTLEBORO — Two buildings with potential for industrial redevelopment are up for sale.
Vermont Circuits went out of business in October 2014 after 25 years. Its electronics manufacturing facility at 76 Technology Drive is for sale. A public on-site auction is being held on Oct. 12 at 11 a.m.
"We were manufacturing printed circuit boards," Vermont Circuits co-owner Cheryl Bedard said, describing the equipment as components that go into all types of electronics including instruments with medical, industrial and space-aviation purposes. "Some of the dynamics with our customers changed and some of them were allowed to solicit their products offshore."
After shutting down, the company saw employees get hired by local businesses and some were able to retire. At the end, about 30 people worked there.
"In the heyday, 15 years ago, we did have more (employees) than that," Bedard said.
The building has been up for sale. But with a lot of other buildings on the market in Brattleboro, Bedard said, "We decided to go the auction route."
The property spans about three acres with a 19,910-square-foot building that was built in 1984, according to a brochure provided by the Branford Group. Included is a 3,300-square-foot, 26-bay storage building, which can be rented or used by the new owner. There's about an acre of paved parking. An additional outbuilding makes available a total of 27,310 square feet. And there's an ability to expand, the brochure said.
"A $50,000 deposit is required in certified funds or wire transfer," the document stated. "The property is being sold 'as is, where is.' Not a mortgage or secured party sale, property will be sold with a clear title from the owners, no liens or encumbrances."
A memorandum of sale and more details can be obtained by e-mailing Scott Lonkart from Branford at firstname.lastname@example.org.
According to the Branford Group, the ceiling height ranges from 14 to 24 feet and there are two floors. The exterior is made of metal clad. Annually, taxes run about $26,000.
"This property offers total owner flexibility with a steel frame building that can be configured for any floor plan desired," the brochure said, also mentioning that there are four oil-fired boilers for heat, hot water and back up; a 10,000 gallon in-ground gas tank; a cafeteria; five bathrooms; and a loading dock.
In another unrelated sale, the Burlington-based V/T Commercial is asking for offers for the former Vermont Yankee administrative offices, training center and warehouse. The deal includes a parking lot and additional land. The real estate went on the market on Tuesday.
Entergy, owner of the Vernon-based Vermont Yankee nuclear power plant that's currently shut down and being decommissioned, asked V/T to assist with soliciting offers for properties located in a commercial park on Old Ferry Road and Glen Orne Drive.
The facilities are located in an industrial district and are connected to municipal water and sewer, public electricity and telephone. On three parcels of land on over eight acres, the properties are being offered as a single package. Combined, the annual tax bill is about $120,000.
Vermont Yankee left the buildings in April. Entergy spokesman Martin Cohn said a control room simulator was sold to a company that will be using it for training purposes. Furniture was either given away or sold to employees to raise $25,000 for nonprofits. And close to $100,000 in furniture was donated to nonprofits.
"So the buildings, sadly, are somewhat empty. There's a few desks," Cohn said. "The buildings are clean and they're ready to move in."
The solicitation-for-offers process will see V/T sending out information on the properties to potential buyers.
"Then we'll look at the bids that come in and make a determination from there whether or not we think it's a good bid or too low," said Cohn.
On Monday, 7,500 parties or companies were sent e-mails by V/T. Ads will be going in newspapers throughout Vermont. Economic development agencies and groups throughout the state are being notified.
V/T principal Tony Blake called it "a pretty aggressive marketing campaign."
"What we're doing is not a traditional marketing approach on a sale of property. It's not an auction. We reach out to as many people as we can. We will entertain any and all qualified proposals. Tell us what it's worth. It's hard to put a value on it without knowing what the end user will be," Blake said. "So the idea is shotgun it, get it out to as many people as possible."
Blake said the buildings are in good shape and close to Interstate 91.
"It also has a campus environment. It's landscaped and there's some areas for break time and such," said Linda Letourneau, broker at V/T. "Originally, it was distribution main headquarters for a shoe company from what we were told. So it had a big entry atrium that's kind of glamorous then offices with good natural light. It's a little dated with carpets and paint. But someone could come in and really take advantage of what's there."
Her group has put out solicitations for offers for a school building, the former Vermont National Guard facility and other properties similar to the ones at the former Vermont Yankee site.
Offers are due by Oct. 28. To register tours on for Oct. 5 or 12, contact V/T by 4 p.m. on Sept. 30. Blake can be contacted at 802-864-2000, ext. 13 or email@example.com.
Call Chris Mays at 802-254-2311, ext. 273.
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