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Off Market
1/1

311 Centerpoint Dr
Middletown, CT 06457


HIGHLIGHTS

  • JOINT VENTURE: Owner-occupied rare opportunity; joint venture 50%-50% participation; multi-tenant income; NOI cashflows pays expenses, amortizes debt.
  • Flagship office space for your organization. Real estate investment opportunity for you. Future 100% ownership with partnership exit plan in place.
  • FOR LEASE: 4,416 to 6,659 SF; LEED Silver; all glass; solar array; marquee building signage; furniture available; control of expansion opportunities.
  • FOR SALE: 13,086 SF two-story office building; land development, I-91 frontage 3.7 acres, . Ownership participation priced at $1,375,000
  • Prime Connecticut destination location, Just off I-91 Exit 21, Cromwell on the Middletown line. Ideal for visitors & staff commutes
  • DEAL DISCUSSIONS: Current owner is the listing real estate agent and welcomes inquiries, opportunities and negotiations.

OVERVIEW

This Offering includes a 13,086 SF LEED Silver office building and acreage (3.7 acres), along I-91 southbound, just off of EXIT 21 Cromwell. The property is part of the Centerpoint office park. Property Highlights—the Building Built in 2011, the 311 Centerpoint Drive Building features high-end design with green construction throughout. The LEED Silver certified green building designation places the building amongst a very select group of Connecticut properties. The rooftop solar array and energy efficient mechanicals provide for a quality long-term investment. Property Highlights—the Land Prime development acreage, 600’ frontage visibility from I-91 south. The daily 125,000+ vehicle count provides high value construction opportunity for a 20,000 to 35,000 SF office building, branding potential. Location 311 Centerpoint Drive is strategically located along the I-91 corridor between Routes 9 and 691. It’s the perfect central Connecticut location, great amenities & easy access for visitors & staff. Just off I-91 at Exit 21, Cromwell, on the Cromwell/Middletown line.

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

Joint Venture

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

13086

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

3.7 AC AC

LAND SF

161,172 SF

ZONING

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APN/PARCEL ID

MTWN-000005-000000-000019-R015445