For Sale Details
$279.16 / SF
- Property Type Office
- Status Active
- Created 01/04/21
- Updated 07/30/24
About 1 Post Road, Fairfield, CT 06824
Angel Commercial, LLC, is pleased to present a waterfront investment opportunity with the sale of One Post Road in Fairfield, CT, for $9,000,000. This waterfront property not only offers a fully leased 32,239 SF three-story office building but also boosts a compelling development opportunity with its 1.954 acres along Ash Creek and approved plans for an adjacent 20-unit apartment building. The property demonstrates a solid investment with a 2024 Projected Annualized Net Operating Income (NOI) of $547,259 and a Cap Rate of 6.08%.
In a Designed Commercial District (DCD) Zone, One Post Road enjoys 383 linear feet of frontage on Post Road, ensuring high visibility. The office structure is enhanced by a scenic boardwalk overlooking Ash Creek, modern glass double entrance doors, recessed lighting, and upscale finishes that include rich wood moldings and marble floors. Significant updates include a renovated elevator system in 2020, a transition to gas heating with a new gas furnace, and the installation of a new roof. Accessibility is a priority, with handicapped access and ample parking available, featuring 121 paved spaces.
Current tenants of the office building comprise a diverse mix of reputable businesses, including Beers, Hammerman, Cohen & Burger PC; Columbia Mental Health; Old Republic National Title Insurance Co.; Lindenmeyr Central; Regenerating Solutions; Ferrara Law Group, PC; and Yellow Brick Real Estate, adding value to this investment.
Situated within a short walk to a variety of amenities such as restaurants, banks, hotels, shopping, and public transportation, One Post Road's location is unparalleled. It is conveniently located steps from a Coastal Link Bus Stop and less than one mile from I-95 (Exit 23) and the Fairfield Metro Train Station. It is in close proximity to Whole Foods, CVS, Home Depot, the Edge Fitness Club, Stop & Shop, Staples, Verizon, Marshalls, Dunkin', the Circle Hotel, UPS, and the new RH Outlet. Being near Fairfield University, with over 6,000 students and employees, is advantageous for businesses, as it offers access to a potential pool of skilled and educated workers.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 32,239
- Year Built: 1985
- Number of Stories: 3
- Number of Buildings: 1
Land Details
- Parking Count: 121
- Acreage: 1.95
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
Financial Characteristics
- Net Operating Income: $547,259
- Financials Based On: Pro Forma
- Financials Year: 2024
- Occupancy Percent: 100%
The Office property at 1 Post Road, Fairfield, CT 06824 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.
For Sale by
Call:
203-335-6600
Ext: 21
Company:
Angel Commercial, LLC
Email:
jangel@angelcommercial.com
