1495 Black Rock Tpke - Freestanding FOR SALE


Fairfield, CT 06825
$2,250,000 USD
203-520-5356
1495 Black Rock Tpke, Fairfield, CT for Sale
$2,250,000 USD
Freestanding - FOR SALE
1/15
null | 7.15% Cap Rate

1495 Black Rock Tpke
Fairfield, CT 06825


OVERVIEW

Investment Highlights: Immediate NOI Growth: A clear, short-term path to a 7.1% Pro-Forma Yield. Prime Value-Add Opportunity: Just one vacancy remains ($32k/yr projected income) to unlock maximum asset value. Diverse Tenant Base: 7 established tenants across retail and professional services. Low Management Burden: Stabilized operations with professional management and mechanicals already in place. Strong Fundamentals: Diverse lease expirations and a resilient recession-proof tenant mix. Strategically located and meticulously maintained, this multi-tenant commercial asset offers the perfect balance of immediate cash flow and significant equity upside. At an asking price of $2,250,000, an investor steps into a stabilized income stream of $121,705 NOI, with the immediate ability to drive that to $160,879 by leasing the remaining vacant suite. The current financials reflect several non-recurring "one-time" expenses (Tenant-specific TI and vacancy carry costs) that will not burden the new owner, providing a "clean" operational slate from Day 1. The Numbers: Price: $2,250,000 Current NOI: $121,705 Pro-Forma NOI: $160,879 (Including $32k vacancy absorption) Pro-Forma Cap Rate: 7.15% Occupancy: 85% (Stabilized with 15% upside) The Opportunity: This is an ideal acquisition for a 1031-exchange buyer or a private investor looking for positive leverage. By capturing the remaining market rent and normalizing the expense ratio, the new owner can achieve a yield significantly above current market averages for this asset class.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

NDD

APN/PARCEL ID

FAIR-000077-000000-000486

ASK ABOUT THIS PROPERTY

Richard HigginsHiggins Group CommercialMore Info
203-520-5356

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Richard HigginsHiggins Group CommercialMore Info
203-520-5356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.