203-977-3269
3530 Post Rd, Southport, CT for Sale
Medical - FOR SALE
1/18
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3530 Post Rd
Southport, CT 06890


HIGHLIGHTS

  • Healthcare-Anchored Tenancy with High Barriers to Entry
  • Strong Value-Add Opportunity
  • Strategic & Heavily Visible Location
  • Limited Competing Supply in a High-Performing Submarket

OVERVIEW

We are pleased to present Southport Crossing, a 36,142 SF medical and professional office building prominently located at 3530 Post Road in Southport, Connecticut. Anchored by a strong mix of healthcare and office tenants, the property offers a compelling opportunity to acquire a high-quality asset in one of Fairfield County’s most supply-constrained submarkets, with near-term upside through lease-up and rent growth. The 3-story building is currently 82% leased to a diverse roster of six tenants, with over 67% of the occupied space dedicated to clinical medical use, including behavioral health, physical therapy, and dental practices. Notable tenants include Discovery Mood & Anxiety Program, part of the national Discovery Behavioral Health network, and Lincoln Healthcare Leadership, a well-established healthcare advisory firm headquartered on-site. The current tenancy provides stable in-place net operating income, supported by a 5.1-year weighted average lease term (WALT) and no lease expirations until 2027. With average rents at $30.67 PSF, significantly below the $39.50 PSF submarket average, the property presents clear potential for mark-to-market rent growth. Additionally, the property features robust in-place telecom infrastructure, supporting three long-standing rooftop antenna tenants that generate additional annual income, with existing capacity to accommodate at least one additional tenant.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southport Crossing

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

DCD

APN/PARCEL ID

FAIR-000243-000000-000150

ASK ABOUT THIS PROPERTY

Al MirinCushman & WakefieldMore Info
203-977-3269

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Al MirinCushman & WakefieldMore Info
203-977-3269

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