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418 Meadow Street, Fairfield, CT 06824

INVESTMENT OPPORTUNITY: Flex Building for Sale at $3,500,000.00

Office Space for Lease in Fairfield, CT

INVESTMENT OPPORTUNITY: Flex Building for Sale in Fairfield, CT - Minutes to I-95 and Within Walking Distance to Metro-North Train Station. Situated on 1.05 acres in a Designed Industrial District, this two-story 24,305 RSF industrial flex building is for sale as an investment property or an owner occupant. The building is currently 70% occupied and features central air-conditioning, private patios, wet sprinkler system, and security alarm system. There is street level loading access with two drive-in doors leading to warehouse space with a ceiling height of 16' 3" and heavy power (2,000 amps). There is abundant parking with 60 spaces.

There is 3,228 RSF of office space on the second floor for lease at $18-$20/SF Gross + Utilities. The projected Net Operating Income as of December 1, 2019, is $175,481.09, and the Cap Rate based on 70% occupancy is 5.01%.

Within walking distance to Whole Foods Market, CVS, Chipotle Mexican Grill, Five Guys Burgers & Fries, Chase Bank, and The Fitness Edge. Excellent commuter location with easy access to I-95, Exits 23 & 24. Situated just off of Route 1 (Kings Highway Cutoff) and 1/2 mile from Fairfield Metro Train Station.

The Site
Total Building Size:24,305 SF
Land:1.05 acres
Real Estate Taxes:$62,980.16 (2019)
Zoning:DI
Year Built:1989
Stories:Two
Tenancy:Multiple
Financial Information
Net Operating Income:$175,481.09 (Projected)
Cap Rate:5.01%
Core Factor:18%
Utilities
Water/Sewer:City/City
A/C:Central Air­-Conditioning
Heating:Gas
Power:2,000 amps
Features
Parking:60 Shared Spaces
Loading:Two Drive-In Doors
Ceiling Height:16' 3"
Amenities:Elevator, Private Patios, Wet Sprinkler
System, Security Alarm System, Skylights
Updated: 6th June 2020
Contact:
Jon Angel, President
203.335.6600, Ext. 21
jangel@angelcommercial.com
No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.