For Sale Details
$93.42 / SF
- Property Type Office / Professional
- Sale Type Investment, Owner-User
- Buyer's Broker Comp Yes
- Status Active
- Created 05/22/24
- Updated 05/22/24
About 100 South Shore Drive, East Haven, CT 06512
The only Class A office building on a 3.74 acre campus conveniently located to airport, highways, Yale & downtown New Haven that you will find along the Connecticut Shoreline. This 2 story, 48,000 sqft building, with it's beautiful glass & granite foyer, has all the modern amenities you would expect in Class A space. If you’re looking for a sound investment, with a current CAP rate of 8.75% YOUR search is over. Strong long term tenants in place & pro forma CAP rate at just over 10%. Perhaps you are tired of renting and looking to relocate your business, then YOUR search is over. The building is 90% occupied leaving 4700 sqft of available first floor space ready to accommodate your company.
Building Details
- Tenancy: Multitenant
- Building Area (SF): 48,171
- Year Built: 1987
- Sprinkler: Yes
- Number of Stories: 2
- Number of Buildings: 1
- Building Class: A
Land Details
- Parking Count: 140
- Acreage: 3.74
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
Financial Characteristics
- Potential Gross Income: $620,000
- Effective Gross Income: $551,350
- Operating Expenses: $157,241
- Net Operating Income: $394,109
- Cap Rate: 8.7%
- Financials Based On: Actual
- Financials Year: 2023
- Occupancy Percent: 90%
The Office / Professional property at 100 South Shore Drive, East Haven, CT 06512 is currently available for sale. Contact Greg Robbins from Real Living - Wareck D'Ostilio for more information.
