2 Ivy Brook Rd - Medical FOR SALE


$7,900,000 USD
203-787-7800
2 Ivy Brook Rd, Shelton, CT for Sale
$7,900,000 USD
Medical - FOR SALE
1/24
null | 7.09% Cap Rate


HIGHLIGHTS

  • Institutional-grade tenancy: Three of Connecticut's most creditworthy health systems
  • Recession-resistant asset class: Healthcare tenants maintain operations regardless of economic cycle
  • Tenant stickiness: Medical build-outs are expensive to replicate, driving low turnover
  • Value-add upside: Remaining vacancy provides value-add opportunity
  • Strategic location: Direct proximity to Griffin Hospital, Yale New Haven Hospital, Bridgeport Hospital, Milford Hospital

OVERVIEW

Ivy Brook Medical Center is a rare opportunity to acquire a performing asset with a value-add opportunity. Situated in Fairfield County and within close proximity to 6 major medical institutions, this property includes CT's top 3 Anchor tenants (Griffin Hospital, Yale New Haven Health and Hartford Healthcare). ANCHOR TENANTS GRIFFIN HOSPITAL Griffin Hospital is a 160-bed, not-for-profit acute care hospital in Derby, CT and one of the state's most recognized community hospitals for patient-centered care. Consistently ranked among Connecticut's top hospitals for patient satisfaction, Griffin has earned national recognition including 15 consecutive years on Fortune's "100 Best Companies to Work For" list. As a member of the Yale New Haven Health system, Griffin benefits from the resources, referral network, and capital backing of one of the Northeast's preeminent academic health systems. YALE NEW HAVEN HEALTH Yale New Haven Health (YNHHS) is Connecticut's largest and most comprehensive health system, comprising six hospitals — including Yale New Haven Hospital, Bridgeport Hospital, Greenwich Hospital, Lawrence + Memorial Hospital, Westerly Hospital, and Northeast Medical Group — along with hundreds of outpatient locations across the region. The system's presence at Ivy Brook Medical reflects its continued strategic investment in expanding high-quality outpatient services across Fairfield and New Haven counties, driving patient volume and long-term tenancy stability. HARTFORD HEALTHCARE Hartford HealthCare is one of Connecticut's two largest integrated health systems, operating seven hospitals and more than 400 care locations statewide, including Hartford Hospital, the Hospital of Central Connecticut, MidState Medical Center, and St. Vincent's Medical Center. With over 37,000 employees and an expansive employed physician model, Hartford HealthCare has aggressively expanded its outpatient footprint across the state — making multi-site medical office tenancies a core component of its growth strategy.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

248

LAND DETAILS

LAND ACRES

13.62 AC

LAND SF

593,287 SF

ZONING

PDD1

APN/PARCEL ID

SHEL-000079-000000-000001

ASK ABOUT THIS PROPERTY

Richard BallouHoulihan Lawrence Wareck D'OstilioMore Info
203-787-7800

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Richard BallouHoulihan Lawrence Wareck D'OstilioMore Info
203-787-7800

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