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159 Grassy Plain St 35,160 SF Vacant Industrial Building Bethel, CT 06801 $3,250,000 ($92.43/SF)
EXECUTIVE SUMMARY
159 Grassy Plain Street, Bethel, CT – For Sale at $3,250,000
We are pleased to offer for sale 159 Grassy Plain Street, Bethel, CT 06801, a highly functional industrial manufacturing facility representing a robust investment opportunity in the stable Bethel submarket. This property is presented for sale with a compelling Broker Performa (Cap Rate) of 9%, positioning it strongly within the local investment landscape, which is supported by an estimated industrial market cap rate of 9.1% for Bethel.
Investment and Property Highlights
This is an opportunity to acquire a well-maintained, professionally managed asset in a strategically vital area of Northern Fairfield County.
Key Investment Metrics:
• Total Facility Size: The property encompasses a 35,160 SF industrial manufacturing facility.
• 18,860 s.f. available: Ideal for the owner user. Ideal for car storage in an area with other vehicle-oriented business and enthusiasts or lease out at $11.50 s.f. gross.
• Land Area: Situated on 3.00 acres.
• High-Quality Tenant Base: The building has historically served as a critical operational hub, previously functioning as the Connecticut headquarters for Handler Manufacturing and Magellan Aerospace, which utilized the space as a large machine shop.
• Market Valuation Context: Recent comparable industrial investment sales in Bethel have transacted at prices per square foot ranging up to $125/SF as compared to this offering at $93 /SF, confirming strong local asset values.
Superior Facility Features: The building is a metal construction with a light pre-engineered steel frame and is maintained in excellent condition.
• Power and Infrastructure: Equipped with heavy power consisting of 2,000 amps and a Wet Sprinkler System.
• Clearance and Loading: Features a 17-foot ceiling height and robust loading capabilities, including 1 exterior truck well (dock) and 2 total drive-in doors.
• Operational Zoning: Zoned IP (Industrial Park), accommodating a wide range of industrial uses.
• Recent Capital Upgrades: The property benefits from significant tenant improvements, enhancing its usability and efficiency, including:
• Environmental Due Diligence: The property holds a clean environmental report with documented phases available for review.
• Utilities and Parking: Serviced by municipal water and sewer, and natural gas. It provides ample parking with 85 surface spaces, equating to a desirable ratio of 2.42 per 1,000 SF.
Strategic Market Positioning
The property is situated in Bethel, a town known for its economic stability and strategic geographic location.
Location and Accessibility:
• Prime Industrial Corridor: The facility is located adjacent to the Clark Business Park on Route 53 in Bethel.
• Regional Connectivity: It offers convenient access, located just 10 minutes from I-84 Exit 5. This positioning makes it accessible to key surrounding towns, including Danbury, Brookfield, Redding, Easton, Weston, Ridgefield, and Newtown.
• Transportation Infrastructure: The property is highly connected, approximately 37.4 miles from the airport, 35.8 miles from the seaport, and only 0.9 miles from a rail station.
Bethel Economic Stability:
• Affluent Demographics: Bethel exhibits exceptional economic strength, boasting a median household income of $101,968, significantly higher than the Connecticut statewide median of $78,444.
• Manufacturing Hub: The town's economy is anchored by the Manufacturing sector, which accounts for the largest share of Bethel's 7,179 jobs.
• This offering allows an investor to capitalize on a high-quality, specialized industrial asset within a highly stable and affluent Connecticut submarket that prioritizes commercial and industrial growth.
For additional details or to discuss this exceptional investment opportunity, please contact:
• J. Michael Struna at 203-733-1290 or Mike@AdvantageRealtyInc.com
• Chris Cosio at 203-524-8635 or Chris@AdvantageRealtyInc.com
Buyers' Broker's agreement recommended. Thank you.
PROPERTY FACTS
AMENITIES
- Front Loading
- Security System
- Signage
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
UTILITIES
- Gas
- Water - City
- Sewer - City
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Construction
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Welcome to Closets by Design West Connecticut, where they specialize in custom closets, walk-in closets and home office in West Connecticut and its surrounding areas. Closets by Design West Connecticut can design an attractive storage space for any area of your home that needs organizing, from the pantry to the garage and everywhere in between.
- Handler Manufacturing
- Manufacturing
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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| Handler Manufacturing | Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Property Overview: 159 Grassy Plain Street, Bethel, CT 06801 Available Space: 17,500 square feet of manufacturing space with approximately 2,500 SF of office space included. The space is available for occupancy starting May 1, 2025. Type: Industrial Manufacturing Facility Zoning: IP (Industrial Park), allowing for a wide range of industrial uses. Land Area: 3.00 acres Condition: The property is in excellent condition. Lease Rate: $11.75 per square foot, gross. Recent Tenant Improvements LED lighting throughout the factory and the high-bay storage area. Installed a new kitchenette area. New carpet and paint in the offices. 115V and 220V electrical drops throughout the factory. New electrical sub-panels for the factory. Direct feed for a new compressor. Airline drops throughout the factory. Hi-bay racking area. Dock spotting light. Dumpster enclosure. Excellent signage on Route 53 Location Highlights Adjacent to the Clark Business Park on Route 53 in Bethel. Conveniently located 10 minutes from I-84 Exit 5. Accessible to Brookfield, Bethel, Danbury, Redding, Easton, Weston, Ridgefield, and Newtown. Additional Information The property was previously the Connecticut headquarters for Handler Manufacturing and Magellan Aerospace. The building was used as a large machine shop and manufacturing facility Lease Details: The lease includes 1 loading dock and 1 overhead door, plus 2,500 s.f. of office space. Ownership and Management: The property is under new, experienced real estate ownership and management. This is an excellent opportunity to lease a well-maintained manufacturing facility with recent upgrades in a prime location in Bethel, CT. For additional details or to discuss your specific industrial needs, please contact: J. Michael Struna at 203-733-1290 or Mike@AdvantageRealtyInc.com. Chris Cosio at 203-524-8635 or Chris@AdvantageRealtyInc.com.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - Space for Lease | 17,500 SF | Industrial | Full Build-Out | Now |
1st Fl - Space for Lease
| Size |
| 17,500 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - Space for Lease
| Size | 17,500 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Property Overview: 159 Grassy Plain Street, Bethel, CT 06801 Available Space: 17,500 square feet of manufacturing space with approximately 2,500 SF of office space included. The space is available for occupancy starting May 1, 2025. Type: Industrial Manufacturing Facility Zoning: IP (Industrial Park), allowing for a wide range of industrial uses. Land Area: 3.00 acres Condition: The property is in excellent condition. Lease Rate: $11.75 per square foot, gross. Recent Tenant Improvements LED lighting throughout the factory and the high-bay storage area. Installed a new kitchenette area. New carpet and paint in the offices. 115V and 220V electrical drops throughout the factory. New electrical sub-panels for the factory. Direct feed for a new compressor. Airline drops throughout the factory. Hi-bay racking area. Dock spotting light. Dumpster enclosure. Excellent signage on Route 53 Location Highlights Adjacent to the Clark Business Park on Route 53 in Bethel. Conveniently located 10 minutes from I-84 Exit 5. Accessible to Brookfield, Bethel, Danbury, Redding, Easton, Weston, Ridgefield, and Newtown. Additional Information The property was previously the Connecticut headquarters for Handler Manufacturing and Magellan Aerospace. The building was used as a large machine shop and manufacturing facility Lease Details: The lease includes 1 loading dock and 1 overhead door, plus 2,500 s.f. of office space. Ownership and Management: The property is under new, experienced real estate ownership and management. This is an excellent opportunity to lease a well-maintained manufacturing facility with recent upgrades in a prime location in Bethel, CT. For additional details or to discuss your specific industrial needs, please contact: J. Michael Struna at 203-733-1290 or Mike@AdvantageRealtyInc.com. Chris Cosio at 203-524-8635 or Chris@AdvantageRealtyInc.com.
PROPERTY TAXES
| Parcel Number | BETH-000009-000023-000014-000002 | Improvements Assessment | $814,030 |
| Land Assessment | $327,600 | Total Assessment | $1,141,630 |
PROPERTY TAXES
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159 Grassy Plain St
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