159 Grassy Plain Street

Industrial for Sale
Catylist Listing ID: 30582399
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 35,512 SF
Gross Land Area: 3 Acres
Sale Price: $2,495,000
Unit Price: $70.26 PSF
Ceiling: 25 ft. / 16 ft. Clear
Docks/Doors: 1 Dock, 3 Doors
Office SF: 8,952 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Magellan Aerospace
Usable Size (USF): 35,512 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 9/15/2020

Overview / Comments

For sale at $2,495,000. The property was previously leased by Magellan Aerospace which is a publicly-traded company. Also available for lease at $5.95 s.f. NNN.

The property is located adjacent to the Clark Business Park on Route 53 - 10 Minutes to I-84 Exit 5. The property is in good condition - sprinklered - 2,000 amps of power with 85 parking spaces. Clean environmental inspections and reports are in place and available for review. The 35,512 s.f. manufacturing facility was built in 1984 and 1999 and has 8,952 s.f. of office space. The building is situated on 3 Acres. The taxes are low at $45,824 for the 2019-2020 tax year. Property is serviced by public gas, municipal water, and municipal sewer. The property is zoned IP allowing a wide range of uses.

Call J. Michael Struna or Chris Cosio for additional details at 203-798-9345 or email Mike@AdvantageRealtyInc.com for an appointment.

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Taxing Authority: Town of Bethel
Tax ID/APN: 09 23 014-2
Market Type: Medium
Property Located Between: Routes 53 and 302
Side of Street: South
Road Type: Highway
Transportation: Highway
Highway Access: I-84 Exit 5 and 8
Airports: Westchester International and Bradley International
Site Description: Building situated on level 3 acres, between Routes 53 and 302 in Bethel.
Area Description: Property is located next to Bethel's thriving Clarke Business Park. Major manufacting and distribution area of Danbury is 5 minutes away.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1984
Year Renovated: 1999
Roof Type: Flat
Construction/Siding: Block, Metal Siding, Steel Frame
Exterior Description: Masonry with Siding
Parking Ratio: 2.4 (per 1000 SF)
Parking Type: Surface
Parking Description: 85 Lined and Numbered Spaces border the building.
Total Parking Spaces: 85
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 2,000
X-Phase: 3
Heat Type: Electricity, Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: DSL
Interior Description: Clean, well-lighted manufacturing/assembly areas and offices. Conference Room, Break Room, and 2 large bathrooms.
Zoning Description: Industrial Park
Lot Frontage: 100
Lot Depth: 418
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,129 57,037 104,720
Median Age: 39.15 36.66 38.08
Households: 2,488 20,403 37,597


Photograph of Listing Agent

Chris Cosio

Advantage Realty Commercial Not a member of CTCList
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