1 Lafayette Cir - Office/Residential FOR SALE


Bridgeport, CT 06604
$4,000,000 USD
404-876-1640
1 Lafayette Cir, Bridgeport, CT for Sale
$4,000,000 USD
Office/Residential - FOR SALE
1/12
null | 10.21% Cap Rate

1 Lafayette Cir
Bridgeport, CT 06604


HIGHLIGHTS

  • Strong Credit Anchor Tenant - AA+. Long-term sticky tenant in 82% of building. 2-bay bank drive-through.
  • Ample surface parking, on-street and adjacent lots. Billboards on roof that could be monetized
  • In-place professional management available. Walk score (91) - Walkers Paradise. Transit score (62) - Good transit .
  • Broker of Record: Bang Realty | Brian Brockman | CT License #0792373 | 573-898-1551 | BOR.BangRealty.com
  • Can add 1.17-acre contiguous site for $500k
  • WALT: 4.5 Years

OVERVIEW

Opportunity to acquire a 10% cap rate, government leased office building. The anchor tenant occupying 82% of the building is the Connecticut State Judicial Branch, sticky-tenant with a AA+ credit rating. The 4-story, ±40,000 SF building in Bridgeport Connecticut is perfectly located for the state judicial services.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

10.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Lafayette Square

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

DX1

APN/PARCEL ID

BRID-000927-000005

ASK ABOUT THIS PROPERTY

Michael BullBull Realty Inc.More Info
404-876-1640

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Michael BullBull Realty Inc.More Info
404-876-1640

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