15 Commerce Road-Newtown

Industrial for Sale
Catylist Listing ID: 29982289
Property Subtypes: Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Research & Development, Warehouse/Distribution
Building Size (RSF): 24,500 SF
Gross Land Area: 2.33 Acres
Sale Price: $1,975,000
Unit Price: $80.61 PSF
Ceiling: 15 ft. / 14 ft. Clear
Docks/Doors: 2 Docks, 2 Doors
Drive In Bays: 1 Bay
Property Use Type: Investment
Building Name: 15 Commerce Road - Newtown
Usable Size (USF): 24,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Sale or Lease: This industrial / office building is located only a minute from Exit 10 of Interstate I-84 in Newtown CT. The location is convenient to numerous restaurants, cleaners, banks, the Post Office, gas stations and other services. The property is zoned M-5 allowing a wide range of office and industrial uses. The building is provided with 55 parking spaces, is nicely landscaped, and has 1200 Amps of 110-208 volt 3-phase power. The property is serviced by Town water, Town sewer, municipal gas, full HVAC, and fully sprinklered. Ceiling heights are 14' and 15’. 24-hour access to the property.

There is one remaining space available for lease. The space has a total of 5,450 s.f. with small office and access to common bathrooms and a loading dock. On site management is available for security and the quick resolution of Tenant issues. The Landlord is offering 5-year leases. The space is available for lease at $6.95 s.f. NNN with the costs of the nets estimated at $3.50 s.f.
The property is available for sale at $1,975,000. There is the possibility of a sale-lease back agreement with the Seller for 10,000 s.f. and a new lease was just signed and put in place for another 8,450 s.f.

Call J. Michael Struna at 203-733-1290 or Chris Cosio at 203-524-8635 to discuss your investment or industrial space needs and to make an appointment to tour the building today.

Attachments & Media

Current Tenants

Tenant Business Name McKenney Mechanical Contractors
Tenant Notes This is the building owner. Owner will lease back approximately 11,000 s.f. of space at $10.00 s.f. gross for a term of 5 years with option to renew for 5 additional years.
Tenant Business Name Global Solutions
Is Renting? Yes

Additional Details

Nearest MSA: New Haven-Milford
County: Fairfield
Taxing Authority: Town of Newtown
Tax ID/APN: 38-1-8-4A
Zoning: M-5
Market Type: Small
Side of Street: North
Road Type: Paved, Highway, Highway Interchange
Highway Access: I-84 at Exit 10
Airports: Danbury Municipal airport and Oxford Airport within 10 miles.
Site Description: Level
Area Description: Newtown industrial and business park.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 24,500 SF
Property Condition: Excellent
Year Built: 1973
Roof Type: Flat
Construction/Siding: Block, Concrete, Steel Frame
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 55
Overhead Cranes: Undisclosed
Sprinklers: Wet
Amps: 1,200
Volts: 440
X-Phase: 3
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Building fitout with some office and some industiral space.
Zoning Description: M-5
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 746 18,248 45,300
Median Age: 43.65 42.8 43.96
Households: 270 6,387 16,004

Contact

Photograph of Listing Agent

Chris Cosio

Advantage Realty Commercial Not a member of CTCList
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