For Sale
$2,100,000

92 Brookside Rd Waterbury, CT 06708

Prime Waterbury location, high occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 15,932 square foot, two-story office building situated on 92 Brookside Road in Waterbury, Connecticut. Built in 1974, this well-maintained Class B property offers a diverse range of office spaces, from approximately 200 square feet to 4,950 square feet, catering to a variety of professional tenants. Currently boasting 95% occupancy across its 23 units, this stabilized investment generates a strong cash flow with a 6.10% cap rate. The asking price is $2,100,000, translating to $131.81 per square foot. The property features a substantial parking lot for tenants and visitors, central air conditioning, and gas forced-air heating. Many units include private baths or access to shared common areas. The building's prime location offers convenient access to Route 8 and I-84. Further enhancing its appeal, the property includes recently installed solar panels, contributing to reduced operating expenses. Some tenants are sub-metered, allowing for utility cost pass-through. This presents a compelling opportunity for investors seeking a low-maintenance, high-return commercial property in a desirable Connecticut location. The gross lease structure simplifies management, and the mix of unit sizes ensures a stable tenant base.

Highlights

  • 16,000 square foot building, 95% occupied
  • Diverse unit sizes available
  • Ample on-site parking
  • Excellent location

Property Details for 92 Brookside Rd

Property type
Office properties, Office space
Square Feet
15,932 SF
Class
B
Year Built
1974
Buildings
1
Stories
2
Units
23

Location Insight

City
Waterbury
County
New Haven
State
Connecticut
Latitude
41.5787227
Longitude
-73.0627099

FAQs

What type of property is this?
Office property - Prime Waterbury location, high occupancy, strong cash flow.
Where is the office property located?
The property is located at 92 Brookside Rd Waterbury, CT.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 16,000 square foot building, 95% occupied; Diverse unit sizes available; Ample on-site parking
How can I contact the broker?
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92 Brookside Rd
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