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159 Grassy Plain Street, Bethel, CT

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159 Grassy Plain Street

Bethel, CT 06801-2806 - Bethel Submarket

Property Type:Industrial Sub Type:Manufacturing Status:Existing , Renov 1999 Year Built:1984
Building Size:35,512 SF Land Area:3 AC (130,680 SF)
Ceiling Height:10'0''-25'0'' Loading Docks:1 ext Rail:- Power:2,000a
For Sale Price:$1,495,000 Price/SF:$42.10
Cap Rate:-
Zoning:IP Sprinklers:Wet Drive Ins:2 tot. Cranes:-
Parking:Free Surface spaces are available; Ratio of 2.4/1,000 SF Amenities:Property Manager on Site

Sale Notes:
Just REDUCED $700,000 to $1,495,000 or 33% less than previous listing price of $2,195,000. This purchase would make an Excellent 1031 exchange opportunity. The property is fully leased until 3 June 2018 by Magellan Aerospace which is a publicly traded company. Earlier possession of the building by buyer or new Tenant is possible subject to landlord discussion with Tenant. The property is located adjacent to the Clark Business Park on Route 53 - 10 Minutes to I-84 Exit 5. The property is in excellent condition - sprinklered - 2,000 amps of power with 85 parking spaces. The 35,512 s.f. manufacturing facility built in 1984 and 1999 and has 8,952 s.f. of office space on 3 Acres. The taxes are low at $46,195 for the 2017 tax year. Property is serviced by public gas, municipal water and municipal sewer. The property is zoned IP allowing a wide range of uses.
Also available for lease at $4.95 s.f. NNN with expenses estimated at $2.50 s.f.
Phase I and II environmental previously completed. Located next to Clark Business Park on Route 53. This location is 10 Minutes to I-84 at Exit 5. Call J. Michael Struna for additional details at 203-798-9345 or email for an appointment.

Advantage Realty, Inc.
J. Michael M Struna
(203) 798-9345 x1

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