1150 Summer St - Office FOR SALE


Stamford, CT 06905- Downtown Stamford
$2,499,000 USD
203-977-3269
1150 Summer St, Stamford, CT for Sale
$2,499,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

1150 Summer St
Stamford, CT 06905
Downtown Stamford


HIGHLIGHTS

  • Income Stability with Ability to Provide Quality Offices for the Small to Mid-Sized Tenant
  • Easy Access to I-95, the Merritt Parkway, Route 1 & the Stamford Transportation Center
  • Highly Visible Signalized Corner Site (16,800± VPD) Within Walking Distance of EVERY Stamford CBD amenity

OVERVIEW

We are pleased to present for sale 1150 Summer Street in Stamford, Connecticut for $2,499,000. 1150 Summer Street is a 23,778 SF three-story (plus mezzanine) office building situated within walking distance of every CBD amenity. The property is set only one block west of Bedford Street, known as “Restaurant Row,” which is Stamford’s main shopping, dining and nightlife destination, two blocks east from Washington Boulevard and two blocks north of Broad Street. The property is also located 1 mile from Interstate 95 and the Stamford Transportation Center, providing direct non-stop access to Manhattan in only 50 minutes, and is proximate to every major east-west and north-south commuter artery in the city. 1150 Summer Street is 87.6% leased to nine tenants ranging in size from 445 SF to 4,750 SF with expirations ranging from 2024 to 2030, providing a stable income with the ability to increase income as leases expire. For small to mid-sized corporate tenants seeking quality executive-level offices with immediate access to the region’s major transportation arteries, 1150 Summer Street is an attractive option allowing the property to remain competitive for a broad spectrum of tenant sizes. Its flexible floorplate design and size enables the property to attract the smaller to mid-sized tenant profile that is the current staple of the Stamford office market. The functional floor plans can easily accommodate tenants from 400 SF to 12,000 SF on a single floor and all spaces provide ample natural light.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

CI

APN/PARCEL ID

STAM-000003-000000-005063

ASK ABOUT THIS PROPERTY

Al MirinCushman & WakefieldMore Info
203-977-3269

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Al MirinCushman & WakefieldMore Info
203-977-3269

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