418 Meadow Street, Fairfield, CT 06824
INVESTMENT OPPORTUNITY: Flex Building for Sale at $3,500,000.00
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.
|Total Building Size:||24,305 SF|
|Real Estate Taxes:||$62,980.16 (2019)|
|Net Operating Income:||$175,481.09 (Projected)|
|Parking:||60 Shared Spaces|
|Loading:||Two Drive-In Doors|
|Ceiling Height:||16' 3"|
|Amenities:||Elevator, Private Patios, Wet Sprinkler|
System, Security Alarm System, Skylights
omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.