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64 - 66 West Street, Danbury, CT

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64 - 66 West Street

Danbury, CT 06810 - Danbury Submarket

(655.3 KB)

Property Type:Office Sub Type:Medical Status:Existing Year Built:1942
Stories:1 Typical Floor:12,679 SF Building Size:12,679 SF
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Portfolio:This property is for sale (for $1,595,000) as part of a portfolio of 2 properties. Parking:49 Surface spaces are available; Ratio of 3.86/1,000 SF Amenities:Security System

The State of CT currently occupies 8,461 s.f. which will be vacated late 2006. Space will be available either for lease or for the user / investor. Currently set up as numerous treatment and group rooms. Space is in very good condition. Located on the bus route and close to numerous municipal and state agencies.

The property is also being offered for sale in a package with 64 and 66 West Street. 64 West is currently occupied by the State of Connecticut and the department of Mental Health. 66 West Street is occupied by Catholic Family Services with a lease signed by the Diocese of Bridgeport.

Estimated NOI at $176,168. At selling price cap rate is 10.68%. Catholic Charities lease extension or expiration is being negotiated at the time of this offering. The rental value shown in the financial recap is based on a rental rate of $13.00 s.f. for the State of CT space. Catholic Charities lease expires in 6/30/2010.

Please call for the latest information and property status.

Advantage Realty, Inc.
J. Michael M Struna
(203) 798-9345 x1

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