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1 Gorham Is Rd Westport, CT 06880

Prime CT Office, 40,897 SF, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A office building, located at 1 Gorham Island Rd in Westport, CT (06880), offers 40,897 square feet across three stories. Situated on a 5.35-acre lot, the property boasts 123 parking spaces and is currently 100% occupied by three credit-rated tenants under multi-tenant leases extending to 2028. A recent $2.1 million capital improvement project encompassed interior, exterior, structural, and mechanical upgrades. The building's prime location in downtown Westport provides breathtaking views and easy access to abundant amenities, including world-class shopping and dining on Main Street. The property is zoned DDD2 and benefits from the strong office market fundamentals of the Westport submarket within Fairfield County, known for low vacancy and steady rent growth. This institutional-quality investment presents a rare opportunity to acquire a best-in-class asset with exceptional credit tenancy and significant in-place cash flow, ensuring a stable and appreciating investment. The building's irreplaceable location on the Saugatuck River within the heart of downtown Westport further enhances its value and desirability.

Highlights

  • Best-in-class, 40,897 SF Class A office building with a recent $2.1M renovation.
  • Irreplaceable downtown Westport location on the Saugatuck River.
  • Strong Fairfield County office market fundamentals with low vacancy and rent growth.
  • 100% occupancy with three credit-rated tenants under leases extending to 2028.

Property Details for 1 Gorham Is Rd

Property type
Office properties
Square Feet
40,897 SF
Class
A
Buildings
1
Stories
3
Lot Size (sq. ft)
233,046 SF

Location Insight

City
Westport
County
Fairfield
State
Connecticut
Latitude
41.1442685
Longitude
-73.3637903

FAQs

What type of property is this?
Office property - Prime CT Office, 40,897 SF, 100% Leased
Where is the office property located?
The property is located at 1 Gorham Is Rd Westport, CT.
What are key features of this property?
This property features: Best-in-class, 40,897 SF Class A office building with a recent $2.1M renovation.; Irreplaceable downtown Westport location on the Saugatuck River.; Strong Fairfield County office market fundamentals with low vacancy and rent growth.
How can I contact the broker?
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1 Gorham Is Rd
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