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40 Union St 2,600 - 16,030 SF of Space Available in Middletown, CT 06457
HIGHLIGHTS
- Prominent location at hard corner and signalized intersection
- 800 feet from Middlesex Hospital, 1 mile from Wesleyan University and 1 block from Downtown Middletown
- Located directly next to Route 9 (53,000 VPD), providing direct connectivity to Interstate 91
- State's current plan to reconfigure Route 9 would make 40 Union the first major commercial property for all traffic exiting to Downtown Middletown
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 9,260-13,430 SF | 16’ - 23’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | |
| 2nd Floor | 2,600 SF | 8’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
The space consists of a total square footage of 16,030 +/- square feet, with 13,430 +/- square feet on the first floor and 2,600 +/- square feet of office space on the second floor. A majority of the space boasts ceiling heights ranging from 16-23 feet and there are currently 10 drive-in garage doors and 2 loading docks. Landlord's preference is for a single tenant occupancy, but they are willing to demise the space depending on the tenant. There is ample parking available on-site and the property's B-1 zoning allows for a wide range of commercial uses, in addition to its pre-existing use of flex/industrial.
- Partially Built-Out as Standard Retail Space
- Finished Ceilings: 16’ - 23’
- Can be combined with additional space(s) for up to 16,030 SF of adjacent space
- Smoke Detector
- Wheelchair Accessible
- Flexible space use.
2nd Floor
The space consists of a total square footage of 16,030 +/- square feet, with 13,430 +/- square feet on the first floor and 2,600 +/- square feet of office space on the second floor. A majority of the space boasts ceiling heights ranging from 16-23 feet and there are currently 10 drive-in garage doors and 2 loading docks. Landlord's preference is for a single tenant occupancy, but they are willing to demise the space depending on the tenant. There is ample parking available on-site and the property's B-1 zoning allows for a wide range of commercial uses, in addition to its pre-existing use of flex/industrial.
- Partially Built-Out as Standard Office
- Office intensive layout
- Finished Ceilings: 8’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 16,030 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 16,030 SF | Year Built | 1956 |
| Min. Divisible | 2,600 SF | Parking Ratio | 4.24/1,000 SF |
| Property Type | Retail | Cross Streets | DeKoven Dr |
| Gross Leasable Area | 16,030 SF |
| Total Space Available | 16,030 SF |
| Min. Divisible | 2,600 SF |
| Property Type | Retail |
| Gross Leasable Area | 16,030 SF |
| Year Built | 1956 |
| Parking Ratio | 4.24/1,000 SF |
| Cross Streets | DeKoven Dr |
ABOUT THE PROPERTY
40 Union Street is available for lease for the first time in 70 years and is comprised of a 16,030± SF commercial building set on a highly visible one acre, hard corner and signalized intersection. The first floor of the building consists of 13,430 +/- square feet and an additional 2,600 +/- square feet is located on the second floor. Landlord’s preference is for a single tenant, but will entertain demising the space for the right tenant. A majority of the space boasts ceiling heights ranging from 16-23 feet. The property has ten drive-through doors and two loading docks, along with ample parking on-site. 40 Union is zoned B-1, allowing for a wide range of retail and office uses, as well as flex/industrial as a pre-existing use. The property is located directly next to Route 9 (53,000 VPD), providing direct connectivity to Interstate 91. The property is also located 800 feet from Middlesex Hospital, less than a mile from Wesleyan University and only one block from Downtown Middletown. The State’s current plan to reconfigure Route 9 would make 40 Union the first major commercial property for all northbound traffic exiting to Downtown Middletown.
- Corner Lot
- Freeway Visibility
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
Stone Point Properties
40 Union St
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