For Lease
$25/SF/YR

20 Commerce ParkMilford, CT 06460

75,000 SF Medical Office Suites Available

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 75,000 square foot medical office park in Milford, Connecticut, presents a unique investment opportunity. Located at 20 Commerce Park, this five-building complex sits on a 7.57-acre lot and offers multiple suites ranging from 2,500 to 5,278 contiguous square feet. Currently, 16,946 square feet are available for lease. The property boasts a convenient location, easily accessible from I-95 and the Merritt Parkway, with high visibility on Cherry Street (12,300 vehicles per day) and proximity to Milford Hospital. Built in 1973 and extensively renovated in 2016, the property features upgraded windows and facades, expanded parking (5 spaces per 1000 square feet), and is zoned CDD1. The property benefits from a multi-year capital improvement program. Lease rates are $25 per square foot, plus electricity, with generous tenant improvement packages available. This prime location and modern amenities make this an ideal space for medical practices seeking a high-profile presence in a thriving community. The property's multiple buildings allow for flexibility in tenant needs and sizes.

Highlights

  • Medical office space available for lease.
  • 2,500 to 5,278 square feet of contiguous space.
  • Capital improvements underway, including expanded parking, window/facade upgrades, and tenant improvements.
  • 7.57-acre site.
  • 5 parking spaces per 1,000 square feet.
  • CDD1 zoning.

Property Details for 20 Commerce Park

Property type
Office properties, Medical offices
RSF (Rentable sq. ft)
75,000 SF
Year Built/Renovated
1973/2016
Buildings
5

Unit(s) available at that property

Space
Bldg 60 2nd FL - 5,278 SF
Size
5,278 SF
Rate per SF
$25
Space
Bldg 60 - 1st FL 2,500 SF
Size
2,500 SF
Rate per SF
$25
Space
Bldg 60: 1st FL - 2,500 Bench Lab space
Size
2,500 SF
Rate per SF
$25

Location Insight

City
Milford
County
New Haven
State
Connecticut
Latitude
41.229450217362
Longitude
-73.047311080992
20 Commerce Park, Milford, Connecticut

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20 Commerce Park
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