Investment Opportunity | Fully Leased Medical Office Condo

Office for Sale
Catylist Listing ID: 30384889
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 4,560 SF
Gross Building Area: 43,200 SF
Gross Land Area: 1.94 Acres
Sale Price: $450,000
Property Use Type: Investment
Building Name: Birchwood Office Condos
Class of Space: Class B
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 8/18/2019

Overview / Comments

O,R&L Commercial is pleased to offer a 4,560± SF fully leased medical office condominium for Sale on the first floor of the Birchwood Office Condos on South Broad Street in Meriden, CT. The condo is 3 adjacent condos built out as an eye physician’s office consisting of a large waiting room / reception area, multiple exam rooms and an optical shop area. They are being sold together as one unit. The Birchwood building has 100% central air with elevator access and is in a highly visible location on Route 5 near the Wallingford town line surrounded by many area amenities and national retail stores. Average daily traffic on Route 5 is in excess of 17,200. The location provides easy access to highways including I-91, I-691 and Route 15. Condo Fee: $1,302/Month. Sale Price: $450,000. Call Toby
Brimberg for more information 203-640-5575.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $15,438 (Annual)
Assessed Value - Total($) $376,180 (Annual)

Additional Details

Nearest MSA: New Haven-Milford
County: New Haven
Is Condo?: Yes
Zoning: M-3
Property Visibility: Good
Highway Access: I-691, Rt. 15, Rt. 5
Area Description: Route 15 to Exit 66 to North Colony Road (Route 5) turns into South Broad Street or I-91 to Exit 17 to East Main Street to South Broad Street (Route 5).
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 10,800 SF
Year Built: 1987
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Parking Type: Surface
Total Parking Spaces: 161
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,924 74,146 130,046
Median Age: 38.67 39.25 40.45
Households: 3,244 28,759 50,489

Contact

Photograph of Listing Agent

Toby Brimberg

O,R&L Commercial, LLC,
Not a member of CTCList
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