15 Commerce Road

Industrial for Lease
Also listed as Office
Catylist Listing ID: 28219298
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, General
Contiguous Space: 7,445 SF
Building Size (RSF): 24,500 SF
Gross Land Area: 2.30 Acres
Lease Rate: $6.95 PSF (Annual)
Base Monthly Rent: $4,311
Lease Types: NNN
Ceiling: 14 - 16 ft.
Docks/Doors: 1 Dock
Core Factor: 8%
Last Updated: 7/20/2020

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 7,450 s.f. with 2,000 s.f. of 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.

Expand All Available Space

Suite: Unit #2 7,445 SF $6.95 PSF (Annual) NNN
Level/Floor: 1st
Space Available: 7,445 SF
Lease Rate: $6.95 PSF (Annual)
$4,311 (Monthly)
Lease Type: NNN
Space Description: 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 7,450 s.f. with 2,000 s.f. of 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.
Space Subcategory: Business Park, Research & Development
Date Available: 5/1/2020
Lease Term: 60 Months
Space Type: Relet
Parking Spaces 55
CAM Expenses $3.40 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% per year
Ceiling 16 ft. / 14 ft. Clear
Loading Docks 1

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
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, 2-Track, Highway, Highway Interchange
Transportation: Bus, Highway, Taxi
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.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1973
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick, Steel Frame
Exterior Description: Architectual block.
Parking Type: Surface
Parking Description: Paved level lot and free of charge
Total Parking Spaces: 55
Sprinklers: Wet
Amps: 1,200
Volts: 440
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units, Heat Pump
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable, DSL
Interior Description: Building fitout with some office and some industiral space.
Zoning Description: M-5
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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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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