444 Foxon Rd - Office FOR SALE


East Haven, CT 06513- Outer East Haven
$2,495,000 USD
203-675-3942
444 Foxon Rd, East Haven, CT for Sale
$2,495,000 USD
Office - FOR SALE
1/43
null | Request Cap Rate

444 Foxon Rd
East Haven, CT 06513
Outer East Haven


OVERVIEW

Incredible Investment opportunity to own three buildings on one large 2.16 acre lot on Route 80 in East Haven with a huge upside potential. The first building consist of a 16,570 SQ FT office building with 3 excellent long term tenants and one 1000 SQ FT office space currently vacant. The rents for the building are currently $7000 (leased until 2026), $3181 (leased until 2028) and $1800 (Month to month). The second building is located at 430 Foxon RD which is a free standing building with 1950 SQ FT leased for $4191 per month until 2027 to a bank with a long term NNN lease (Paying 37% of the taxes on the property). The bank has a second three year option until 2030 at $4,400 and is currently in negotiation to resign for an additional 10 years. The third building is a 2424 SQ FT single family house with 5 bedrooms and 1.5 baths currently leased at a very below market rent at $1800 per month. The complex has ample off street parking for ~ 40 cars. This Investment opportunity will not last long!

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

CD

APN/PARCEL ID

EHAV-000470-005932-000008

ASK ABOUT THIS PROPERTY

Jack HillSeabury Hill RealtorsMore Info
203-675-3942

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Jack HillSeabury Hill RealtorsMore Info
203-675-3942

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