For Sale
$1,895,000

1450 Southford RdSouthbury, CT 06488

High-yield office investment, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a stabilized, two-building executive office complex situated on a 3.59-acre lot at 1450 Southford Rd, Southbury, CT 06488. Built in 2006, the property boasts 11,523 square feet of space, currently 85% occupied across six units. The asking price is $1,895,000, translating to a price per square foot of $164.45. The property enjoys a strong net operating income (NOI) of $191,025, yielding an attractive 10.08% capitalization rate. The two-story buildings are zoned for commercial use and benefit from a high-traffic location on Route 67, within a highly desirable community with excellent demographics. Two primary tenants are high-quality companies, ensuring a stable income stream. This is an ideal investment for those seeking a strong return in a prime Southbury location. The property offers a blend of office and retail condo units, providing diversification within the investment. This is a rare opportunity to acquire a well-maintained, high-performing asset in a thriving market. The property's location and strong tenant base make it a compelling investment prospect.

Highlights

  • Exceptional investment opportunity: stabilized, two-building executive office complex on 3.59 acres in Southbury, CT.
  • 11,523 SF, 85% occupied, six units.
  • Asking price: $1,895,000 ($164.45/SF).
  • Strong NOI of $191,025, 10.08% cap rate.
  • High-traffic Route 67 location, desirable demographics.
  • Two high-quality primary tenants provide stable income.

Property Details for 1450 Southford Rd

Property type
Office properties
Square Feet
11,523 SF
Year Built
2006
Buildings
2
Stories
2
Lot Size (sq. ft)
156,380 SF
Units
6

Location Insight

City
Southbury
County
New Haven
State
Connecticut
Latitude
41.4640414
Longitude
-73.1628034
1450 Southford Rd, Southbury, Connecticut

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1450 Southford Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message