For Sale Details

$3,500,000
$144.00 / SF
  • Property Type Office, Industrial
  • Sale Type Investment
  • Status Active
  • Created 09/09/20
  • Updated 09/09/20

About 418 Meadow Street, Fairfield, CT 06824

INVESTMENT OPPORTUNITY: Flex Building for Sale in Fairfield, CT - Minutes to I-95 and Within Walking Distance to Metro-North Train Station. Situated on 1.05 acres in a Designed Industrial District, this two-story 24,305 RSF industrial flex building is for sale as an investment property or an owner occupant. The building is currently 70% occupied and features central air-conditioning, private patios, wet sprinkler system, and security alarm system. There is street level loading access with two drive-in doors leading to warehouse space with a ceiling height of 16' 3" and heavy power (2,000 amps). There is abundant parking with 60 spaces.

There is a total of 10,634 RSF available with 7,406 RSF of warehouse space on the first floor for lease at $17/SF Gross + Utilities and 3,228 RSF of office space on the second floor for lease at $20/SF Gross + Utilities. The projected Net Operating Income as of December 1, 2019, is $175,481.09, and the Cap Rate based on 70% occupancy is 5.01%.

Within walking distance to Whole Foods Market, CVS, Chipotle Mexican Grill, Five Guys Burgers & Fries, Chase Bank, and The Fitness Edge. Excellent commuter location with easy access to I-95, Exits 23 & 24. Situated just off of Route 1 (Kings Highway Cutoff) and 1/2 mile from Fairfield Metro Train Station.

Building Details

  • Tenancy: Multitenant
  • Building Area (SF): 24,305
  • Year Built: 1989
  • Drive In Doors: 2
  • Sprinkler: Yes
  • Number of Stories: 2
  • Number of Buildings: 1

Land Details

  • Parking Count: 60
  • Acreage: 1.05
  • Gas: Yes
  • Sewage System: Public Sewer
  • Water System: Public Water

The Office, Industrial property at 418 Meadow Street, Fairfield, CT 06824 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.