159 Grassy Plain Street - Bethel

Industrial for Lease
Catylist Listing ID: 30347538
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution
Contiguous Space: 24,160 SF
Building Size (RSF): 35,160 SF
Gross Land Area: 3 Acres
Lease Rate: $6.95 PSF (Annual)
Base Monthly Rent: $13,992
Lease Types: NNN
Ceiling: 30 ft.
Docks/Doors: 1 Dock, 2 Doors
Office SF: 5,000 SF
Drive In Bays: 1 Bay
Building Name: 159 Grassy Plain Street - Bethel
Usable Size (USF): 35,160 SF
Last Updated: 9/16/2020

Overview / Comments

This property is now under new experienced real estate ownership and management. New 11,000 s.f. in place. The remaining building is available for immediate occupancy. The new owner has many improvements planned depending on Tenant occupancy. The remaining 24,160 s.f. is available for lease or it can be subdivided for a new customized Tenant requirement. The remaining building is available at $6.95 s.f. NNN. If subdivided spaces are offered at $6.45 s.f. NNN for spaces of 12,000 s.f. or more. The property was previously the CT headquarters of Magellan Aerospace which used the building as a large machine shop. The available space would include 1 loading dock and 1 overhead door and 5,000 s.f. of office space.

The property is located adjacent to the Clark Business Park on Route 53 in Bethel. 10 Minutes to I-84 Exit 5. The property is in excellent condition, sprinklered, 4,000 amps of power, 85 parking spaces, and gas heat. This 35,160 s.f. manufacturing facility was built in 1984 on 3 acres with an addition in 1999. The property is serviced by natural gas, municipal water, and municipal sewer.

The property is zoned IP (industrial park) allowing for a wide range of industrial uses. The taxes are low at $45,824 for the 2019-2020 tax year. The total operating expenses are estimated at $2.95 s.f. The property has been thoroughly tested and has a clean environmental report with documented Phase I and II and III completed and available for review. Also available for sale at with a new tenant in place for $2,495,000.

Convenient to Brookfield, Bethel, Danbury, Redding, Easton, Weston, Ridgefield, and Newtown. Call J. Michael Struna (203-733-1290) or Chris Cosio (203-524-8635) for additional details and to discuss your specific industrial needs.

Expand All Available Space

Suite: Free Standing Building 24,160 SF $6.95 PSF (Annual) NNN
Space Available: 24,160 SF
Lease Rate: $6.95 PSF (Annual)
$13,992 (Monthly)
Lease Type: NNN
Space Description: Bethel warehouse and office space for lease. Previous location of Magellan Aerospace Ceiling height range from 17-30'. 24,160 s.f. remaining. Approximately 5,000 s.f. of office and engineering space. Very heavy power. Loading dock and drive- indoors. Located adjacent to the Clarke Business Park in Bethel. Convenient to Bethel, Newtown, Danbury, Redding, and Ridgefield. The remaining building offered for lease at $6.95 NNN. Sub-dividable. Call J. Michael Struna at 203-733-1290 today to discuss your industrial leasing requirements.
Space Subcategory: Manufacturing, Warehouse/Distribution
Date Available: 8/1/2020
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 85
Tax Expenses $45,824 PSF (Annual)
Operating Expenses $3 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% per year
Ceiling 30 ft.
Loading Docks 1
Loading Doors 2
Drive In Bays 1
Office Space 5,000 SF

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: Danbury Municipal
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: Folded Plate
Construction/Siding: Block, Metal Siding, Steel Frame
Exterior Description: Steel frame and metal 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: 4,000
X-Phase: 3
Heat Type: Electricity, Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Lighting: Fluorescent, Incandescent
Internet Access: Cable, DSL
Interior Description: Clean, well-lighted manufacturing/assembly areas and offices. Conference Room, Break Room, and 2 large bathrooms.
Zoning Description: IP Industrial Park
Lot Frontage: 100
Lot Depth: 418
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines

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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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