38 Wellington RdMilford, CT 06461

This exceptional Class A office building, located at 38 Wellington Rd, Milford, CT 06461, presents a compelling investment opportunity. The 39,907 square foot, two-story building boasts a 100% occupancy rate with a credit-rated, single tenant—the State of Connecticut Department of Children and Families—under a gross lease with five years remaining on a five-year term, expiring in 2029. The property features a substantial 7.70% cap rate and a strong NOI of $477,610, with an asking price of $6,200,000 ($155.36/sq ft). Built in 1981 and extensively renovated in 2024, the building includes 228 parking spaces and sits on a four-acre lot zoned DO10. Modern amenities include a two-story open atrium entryway, elevators, updated LED lighting, and recently replaced hallway carpeting. The interior offers a mix of executive offices and open bullpen areas. Its prime location within the Merritt 95 Office Park provides excellent regional accessibility, with close proximity to I-95, the Wilbur Cross Parkway/Merritt Parkway (Exit 55), Milford Metro-North train station, and Igor Sikorsky Memorial Airport. Neighboring tenants include prestigious organizations such as Yale New Haven Hospital and the Boy Scouts of America. This stabilized investment offers a secure, low-maintenance income stream with a high-quality tenant and long-term lease. Lease options are available.