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Off Market
1/8

2 Howe St
New Haven, CT 06511


HIGHLIGHTS

  • Investment Grade Tenant | Passive Ownership
  • Ideal 1031 Exchange | Long-Term Trust Planning
  • Prepaid Ground Lease | Below Estimated Market Rent
  • Very Dense 5-Mile Demographics | Direct Access to I-91 & I-95
  • Adjacent to Yale-New Haven Hospital
  • Rt. West 34 - Current & Planned Redevelopment | Strong Demand for Parking | Planned 130-Room Hotel

OVERVIEW

2 Howe Street is comprised of a 6-story parking structure with 970 parking stalls (307,092 SF), a 24-key hotel (26,395 SF), and a 3-story office building (62,087 SF) with first floor retail. The site primarily serves employees, patients, and guests of Yale-New Haven Hospital, which is within walking distance from the subject property. Yale-New Haven Hospital is the second largest employer (16,635 employees) in New Haven and generated $2.8 billion in revenue for the year 2018. While the site primarily serves Yale-New Haven Hospital, 2 Howe Street is within close proximity to Yale University, the largest employer in New Haven. The Yale School of Medicine is one of the leading centers for biomedical research and advanced clinical care in the world. The Yale School of Medicine is affiliated with Yale-New Haven Hospital with the latter being the primary teaching hospital.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Yale-New Haven Hospital Mixed-Use Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

53000

STORIES

3

YEAR BUILT

2009

SPRINKLERS

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PARKING SPACES

970

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

NHVN-000298-000176-000700