For Sale
$6,700,000

75 Gln RdSandy Hook, MA 06482

83,394 SF Office Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 83,394 square foot executive office building at 75 Glen Road, Sandy Hook, MA 06482, presents a rare investment opportunity. Boasting a strong 12.79% cap rate and a net operating income (NOI) of $856,707, this property offers significant potential for investors. The asking price is $6,700,000, translating to $80.34 per square foot. Situated on a 13.22-acre lot, the building features exposed brick and wood, offering stunning waterfall views. The property is zoned M-40 and includes amenities such as ample parking, elevator access, common bathrooms on each floor, shared kitchenettes, large windows, and high ceilings. Individual units feature large glass offices, in-unit bathrooms, and kitchenettes, allowing for flexibility in leasing arrangements, including the possibility of smaller spaces or co-working setups. The building benefits from gas and electric heating, central air conditioning, a well and septic system, and on-site maintenance management. Conveniently located approximately two miles from downtown Newtown and with easy access to I-84, this property is a staple in the Sandy Hook community and is ideal for both investors and owner-users. The property can be purchased individually or as part of a larger portfolio.

Highlights

  • M-40 Zoning.
  • Gas and electric heating.
  • Central air conditioning.
  • Well and septic system.
  • Elevator access.
  • Approximately two miles from downtown Newtown.

Property Details for 75 Gln Rd

Property type
Office properties
Square Feet
83,394 SF
Lot Size (sq. ft)
575,863 SF

Location Insight

City
Sandy Hook
County
Suffolk
State
Massachusetts

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75 Gln Rd
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