765 Straits Tpke - Office FOR SALE


Middlebury, CT 06762
$2,950,000 USD
203-509-9512
765 Straits Tpke, Middlebury, CT for Sale
$2,950,000 USD
Office - FOR SALE
1/12
null | 5.55% Cap Rate

NEW


765 Straits Tpke
Middlebury, CT 06762


HIGHLIGHTS

  • Value-add office investment opportunity
  • ±32,708 SF office building on ±10.46 acres
  • Approximately 50% occupancy with significant lease-up potential
  • Projected stabilized NOI of ±$355,800 (12.06% cap rate)
  • Ample on-site parking

OVERVIEW

Value-add office investment opportunity located at 765 Straits Turnpike in Middlebury, CT. The property consists of a ±32,708 SF office building situated on ±10.46 acres with convenient access to I-84 (Exit 17). The property is currently approximately 50% occupied, offering significant lease-up potential. In-place NOI is approximately $163,668, with a projected stabilized NOI of ±$355,800. The property features ample on-site parking, elevator service, and flexible floor plates suitable for office and medical users. Located within an established commercial corridor with surrounding retail, medical, and professional office users.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

5.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Building 2

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

10.46 AC

LAND SF

455,638 SF

ZONING

CA40

APN/PARCEL ID

MIDD-000406-000000-000418

ASK ABOUT THIS PROPERTY

Gerry MatthewsMatthews Commercial Properties, LLCMore Info
203-509-9512

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Gerry MatthewsMatthews Commercial Properties, LLCMore Info
203-509-9512

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