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108 Mill Plain Road - 108 Mill Plain Rd.., Danbury, CT

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DetailMap
108 Mill Plain Road - 108 Mill Plain Rd..

Danbury, CT 06811-5146 - Danbury Submarket


Property Type:Office Sub Type:- Status:Existing , Renov February 2017 Year Built:1991
Stories:3 Typical Floor:9,252 SF Building Size:22,065 SF
Smallest Space:450 SF Largest Space:4,200 SF Total Space Avail:6,000 SF Rent/SF/Yr:
$16.00 - $23.97
Parking:Free Surface spaces are available; 6 Covered spaces are available; Ratio of 3/1,000 SF Amenities:24 Hour Availability, Air Conditioning, Banking, Bus Line, Security System, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
450 SF
$23.97/SF/Yr
30 Days
1-5 yrs
Office
 2nd
450 SF
$23.97/SF/Yr
Vacant
3-5 yrs
Office
 2nd
450 SF
$23.97/SF/Yr
Vacant
3-5 yrs
Office
 2nd
450 SF
$23.97/SF/Yr
Vacant
1-5 yrs
Office
 3rd
2,000 SF-4,200 SF
$16.00 - $20.00/SF/Yr
Vacant
3-5 yrs
Office
 
12327409
11278225
11278226
11278227
8345432
Floor Plan
  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
450 SF
$23.97/SF/Yr
30 Days
1-5 yrs
Office
2nd
450 SF
$23.97/SF/Yr
Vacant
3-5 yrs
Office
2nd
450 SF
$23.97/SF/Yr
Vacant
3-5 yrs
Office
2nd
450 SF
$23.97/SF/Yr
Vacant
1-5 yrs
Office
3rd
2,000 SF-4,200 SF
$16.00 - $20.00/SF/Yr
Vacant
3-5 yrs
Office
Prime location, right off Exit of I-84. Anchored by Wachovia Bank and in a secure location. T1-DSL available. Elevator in building. 74-car parking.

Sale Notes:
EXP Realty Advisors exclusively presents for sale an office building with Wells Fargo Bank, which occupies 5,481 SF on the ground floor of 23,143 SF multi-tenant office building which was originally constructed for Commerce Bank. 30% of the building is vacant and offers upside via lease up of the vacant space which is in excellent turn key condition. The building has super high speed fiber optic cable delivering 100 mega bites per second internet speed which attracts technology and stock trading tenants. Half of the vacant third floor is a former stock trading floor. Existing tenants like West Highland Support Services which provides international stock market data support services and KnowVera which is a leading stock market data and analysis company depend on this fiber optic cable for their operations. The building has a stop light and has good visibility and access just off I-84. Wells Fargo has 6 years remaining on their lease and represents 47% of the properties income with 2% annual rent escalations. Wells Fargo currently has over $261,855,000 in deposits at this location (and growing), and the bank recently offered to purchase the building showing their commitment to the location. The premises have been used for a bank branch since it was built more than 25 years ago. Wells Fargo’s lease expired in 2016 and was extended by 7 years with one five year option by amendment. Office rents escalate approximately 3% annually. The double drive-thru teller is attached and located under the 2nd floor of the building, which gives Wells Fargo a freestanding footprint. The building also has a brand new roof, new HVAC unit exclusive to Wells Fargo, state of the art EMS (energy management system) and 100 mbps fiber optic cable.

The property is conveniently situated on Danbury’s West side with easy access to Exit 2 on Interstate-84, which has traffic counts of 73,700 VPD. The building is close to the border with New York State drawing business from both states. Across the street is a shopping center anchored by Trader Joe’s, which also includes Rite Aid, Staples and Designer Shoe Warehouse, and has outparcels leased by Starbucks, Pet Value, and T-Mobil. This is one of the top performing bank branches in the state. The property is located near the intersection of Route 6 and Route 202 on Exit 2 of Interstate I-84. There is a stop light in front of the building at the signalized intersection of Mill Plain Road and Prindle Lane.


Crescent Road Partners
Victor Chaves
(203) 807-1000



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