For Sale Details
$86.31 / SF
- Property Type Office / Professional
- Sale Type Investment, Net Leased
- Status Active
- Created 06/09/21
- Updated 07/29/21
About 1057 Broad Street, Bridgeport, CT 06604
Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to offer The Legal Center at 1057-1087 Broad Street in Bridgeport, CT, for sale at $7,100,000. This is an investment opportunity that consists of two adjacent office buildings on 2.34 acres in a prime Downtown Bridgeport location.
In a Designated Opportunity Zone, the Legal Center consists of two adjacent office buildings that provide 82,260 SF of space on 2.34 acres including a private pay gated parking lot. The 2020 Net Operating Income was $566,044 and the cap rate is 7.97%.
With 275 linear feet of frontage on Broad Street, the properties span an entire city block from John Street to Cannon Street. 1057 Broad Street is a 36,432 SF four-story office building with 4,734 RSF available for lease. 1087 Broad Street is a 45,828 SF four-story brick office building with 1,050 RSF available for lease. Both buildings feature central air conditioning, a wet sprinkler system, common restrooms, a security surveillance camera system, and an elevator.
The Legal Center is conveniently located within walking distance (0.2 miles) from the Bridgeport Train Station and a Greater Bridgeport Transit Bus Stop, and 0.7 miles from I-95 (Exit 27). It is in close proximity to the courthouses and near a brand-new amphitheater, arena, ferry, restaurants, banks, and shopping.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
- Tenancy: Multitenant
- Building Area (SF): 82,260
- Year Built: 1910 - 1926
- Sprinkler: Yes
- Number of Stories: 4
- Number of Buildings: 2
- Acreage: 2.34
- Gas: Yes
- Sewage System: Public Sewer
- Water System: Public Water
- Net Operating Income: $566,044
- Cap Rate: 8%
- Financials Year: 2020
The Office / Professional property at 1057 Broad Street, Bridgeport, CT 06604 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.