Description
SEE ATTACHED FLYER FOR MORE INFO. Formerly home to one tenant, this 113,000 SF 3-story brick building is located in beautiful Trumbull Corporate Park in Eastern Fairfield County. Superb highway access. Proposed renovations to turn it into a multi-tenanted building are underway, including a new roof, new HVAC systems, new lobby, new lavatories, new hallways, new lighting, new landscaping and parking lot upgrades. Parking is 3.5/1000 SF of net space. IL3 zone allows office, R&D and medical use. Small-to-midsized spaces are available from 2,000 SF on up starting at $8.99 PSF/NNN with heat included. Taxes & CAM are estimated to be $3.96 PSF. Tenant pays for its own electric. Also for sale with the declared renovations completed @ $10M = $88.50 PSF (which is well below replacement cost). The building is currently 87% vacant. But, at 93% occupancy, the Cap Rate would be approximately 9.4%.
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0BEDS
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5ACRES
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0BATHS
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01/2 BATHS
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113,000SQFT
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$1$/SQFT
School Ratings & Info
Description
SEE ATTACHED FLYER FOR MORE INFO. Formerly home to one tenant, this 113,000 SF 3-story brick building is located in beautiful Trumbull Corporate Park in Eastern Fairfield County. Superb highway access. Proposed renovations to turn it into a multi-tenanted building are underway, including a new roof, new HVAC systems, new lobby, new lavatories, new hallways, new lighting, new landscaping and parking lot upgrades. Parking is 3.5/1000 SF of net space. IL3 zone allows office, R&D and medical use. Small-to-midsized spaces are available from 2,000 SF on up starting at $8.99 PSF/NNN with heat included. Taxes & CAM are estimated to be $3.96 PSF. Tenant pays for its own electric. Also for sale with the declared renovations completed @ $10M = $88.50 PSF (which is well below replacement cost). The building is currently 87% vacant. But, at 93% occupancy, the Cap Rate would be approximately 9.4%.
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