for sale 62 vermont castings way, bethel, vt

62 Vermont Castings Way, Bethel, VT

www.DonahueAssociatesVT.com 131 Church Street, Suite 200, Burlington, VT 802.862.6880

For Sale

62 Vermont Castings Way,

Bethel, VT


Offering Highlights

Key Property Highlights

Building Size 159,000 square feet of manufacturing,

warehouse, and 1,500 square feet of office space.

Land: 12.20 +/- acres including 129 parking spaces.

Features: Built in 1964 and rehabbed in the 1980’s and

1997, this industrial manufacturing and warehouse

building has been home to Vermont Castings for many

years and other manufacturers prior. A building with

potential for rail access and only 3.4 miles to Interstate

89, the building, 18’ at the eaves, has 12 dock-high

doors, 5 drive-in doors and ample outside storage. Cur-

rently the facility is leased to HNI Corporation on a short

term lease agreement running through March , 2016.

Offering Price

Sales Price: $1.75 million


BUILDING SIZE 159,000 +/- SF

FOR SALE $1,750,000

FOR LEASE Available upon request

CONSTRUCTED 1964

RENOVATED Additions to a 120,000 SF plant in

1980’s and in 1997

SITE SIZE 12.20 acres

PARKING 129 spaces

OFFICE AREA 1,500 SF

MANUFACTURING 157,500 SF

QUALITY/CONDITION Average

LOCATION 3.4 miles off Exit 3 of Route 89 and

directly off Route 107 in town of Beth-

el

CONSTRUCTION Steel frame, metal sheathing siding.

ZONING Transit Oriented Development/Village

Industrial

ROOF Original steel roof

CEILING HEIGHT 18 Feet

WATER Town of Bethel

SEWER Partially serviced by Town of

Bethel and partially serviced by

5,000 gallon on site septic tank with

and leach field.

HEATING Hot Water by 30,000 gallon propane

supplied by Quality Gas.

Heat Source: Dual propane/oil low

pressure steam with Modines units

throughout facility.

Property Description DOCK-HIGH DOORS: 12

DRIVE-IN DOORS: 5

LIGHTING Fluorescent and sodium vapor lamps

FLOORS Concrete poured over a metal deck

EXTERIOR WALLS Masonry units and steel siding

INTERIOR WALLS Exposed concrete block or drywall

FIRE PROTECTION: Sprinkler throughout; wet-pipe system

SECURITY Fire and burglar alarms with central sta-

tion monitoring.

WINDOWS Single pane windows in metal frames

REAL ESTATE TAXES (2014-2015): $ 29,168.32

FLOOD ZONE: Property is located in flood zone X (area determined to be outside the 500 year flood plain)

GAS Liquid LP/Oil

WATER & SEWER Town of Bethel/Private

ELECTRIC Central Vermont Public Service

Served by two 1,000 KV A pole mounted

3 Phase transformers

AIR CONDITIONING: Two 10 year old roof units supply break

room and lab. Wall units for offices.

STORAGE TANKS: Exterior yard contains 30,000 gall pro-

pane AST and one 10,000 gallon fuel oil

UST. See page 4 for further info.


ENVIORNMENTAL REPORT: Full environmental report conducted by GaiaTech in 2013 is available upon

request.

IMPORTANAT AREAS OF NOTE:

AIR EMMISSIONS: Located in Windsor County, area currently designated as ozone, PM10, and

PM2.5. Vermont Castings has a Vermont Subchapter X air permit limiting

total emissions to 44 tons per year. According to the 2011 emission report,

emissions were below their respective permit limits.

STORAGE TANKS: Underground storage tanks (UST’s): One double-walled polyethylene

steel 10,000 gallon fuel oil UST. Located at site adjacent to office

building. Installed in 2002.

Aboveground storage tanks (AST’s): One 30,000 gallon propane AST is on-

site, located in a fenced area on concrete outside of building.

Environmental Report and Emissions Permit


Tenant Information

HNI Corporation/Monessen Hearth Systems Company

HNI Corporation, the parent corporation to Monessen, is an Iowa-based wood-burning stove, fireplace and office furniture

manufacturer. They are a group of strong performing companies with a shared purpose of achieving a leading position in eve-

ry market they serve and creating sustainable shareholder value. Their businesses comprise some of the strongest and best-

known brands in the office furniture and hearth market places. Most recently HNI purchased the Bethel, Vermont based com-

pany Vermont Castings. Vermont Castings has employed about 200 full and part-time employees at a foundry in Randolph

and at the assembly plant at 62 Vermont Castings Way.

Lease Summary

Tenant: Monessen Hearth Systems Company

Guarantor: Monessen Hearth Systems Company

Renewal Terms: Four(4), six (6) month Renewal Terms with ninety (90) day written notice.

Termination Date: March 31, 2016 (1st Renewal Period)

Square Footage: 159,000 SF

Rent and NNN: Information available upon request

Comments: Monessen/HNI Corp is planning on vacating the facility in 2016 to consolidate opera-

tions. Owner and broker are actively seeking replacement tenant.


Property Photos


Property Layout

Leach Field

Roof A/C for

Test Lab

Well Head

Town well head.

Sprinkler building

Heating: 10,000 gallon

burned fuel tank.

Offices

Building 1

Building 2

Sewer pump to town

plant

600 AMP

Sewer Drain

Septic 5,000 gallon

**This is a representation of boundary lines, not an official survey.


Ariel View

62 Vermont Castings Way

Tax Map


Equipment Information Property to be sold with extensive equipment list with tremendous value to several manufacturing companies. List available

upon request.


For Sale

62 Vermont Castings Way,

Bethel, VT

Steve Donahue: [email protected]

Exclusive Listing Agent

802-862-6880

for sale 62 vermont castings way, bethel, vt

Documents