159 Grassy Plain St, Bethel, CT 06801

FOR SALE: High-Yield Industrial Manufacturing Facility in Affluent Northern Fairfield County

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 9.98%, 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 of other vehicle-oriented business and enthusiasts. Offered to the market at $12.75 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.