75 Merritt Boulevard Active Save Request In-Person Tour Request Virtual Tour
Trumbull,CT 06611
$ 8
- Bed
- Bath
113000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 113,000 sqft
MLS Listing ID 170552589
Year Built 1988
Lot Size 5.000 Acres
Property Description
SEE ATTACHED FLYER FOR MORE INFO. Formerly home to one tenant, this 113,000 SF 3-story brick building is located in beautiful Trumbull Corporate Park in Eastern Fairfield County. Superb highway access. Proposed renovations to turn it into a multi-tenanted building are underway, including a new roof, new HVAC systems, new lobby, new lavatories, new hallways, new lighting, new landscaping and parking lot upgrades. Parking is 3.5/1000 SF of net space. IL3 zone allows office, R&D and medical use. Small-to-midsized spaces are available from 2,000 SF on up starting at $8.99 PSF/NNN with heat included. Taxes & CAM are estimated to be $3.96 PSF. Tenant pays for its own electric. Also for sale with the declared renovations completed @ $10M = $88.50 PSF (which is well below replacement cost). The building is currently 87% vacant. But, at 93% occupancy, the Cap Rate would be approximately 9.4%.
Location
State CT
County Fairfield
Zoning IL3
Interior
Heating Hot Air
Cooling Central Air
Exterior
Garage Paved
Utilities Available Electric,Gas
Roof Type EPDM Synthetic Rubber,Flat
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected