For Sale
$1,650,000

23 Ryan StStamford, CT 06907

Prime Stamford location, multi-tenant industrial building, 7%+ cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 5,700 square foot, two-story industrial building with a ground-level basement in Stamford, Connecticut. Constructed in 2007, this property boasts a highly desirable location between the Merritt Parkway and I-95, ensuring excellent accessibility. The building features four garage bays, one currently vacant, and offers significant potential for increased revenue. All existing tenants are on triple net (NNN) leases, with CAM charges fully paid, including taxes, resulting in minimal management responsibilities. This translates to a substantial 7%+ capitalization rate, a testament to the property's strong cash flow. Beyond the main building, approximately 3,000 square feet of outdoor space provides ample parking and/or storage. The property's multi-tenant structure, with thoroughly vetted tenants on multi-year leases, minimizes vacancy risk and ensures consistent income. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a prime Stamford location. The vacant garage bay presents immediate potential for increased income, while the existing tenants provide a stable foundation for long-term growth. Don't miss this chance to secure a lucrative investment with significant upside. The property is located at 23 Ryan St, Stamford, CT 06907.

Highlights

  • 5,700 SF two-story industrial building with ground-level basement in Stamford, CT, built in 2007.
  • Excellent location between Merritt Parkway and I-95.
  • Four garage bays, one vacant, offering revenue growth potential.
  • Triple net (NNN) leases with minimal management responsibilities and a 7%+ cap rate.
  • Approximately 3,000 SF of outdoor space for parking/storage.
  • Multi-tenant structure with vetted tenants on multi-year leases, minimizing vacancy risk.

Property Details for 23 Ryan St

Property type
Warehouses, Industrial properties

Location Insight

City
Stamford
County
Fairfield
State
Connecticut
Latitude
41.0952896
Longitude
-73.5167123
23 Ryan St, Stamford, Connecticut

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23 Ryan St
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