For Sale
$3,200,000

2 Morse Rd Oxford, CT 06478

33,000 SF Multi-Use Property, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 33,000 square foot commercial property at 2 Morse Road in Oxford, Connecticut, presents a unique investment opportunity. Built in 1988 and renovated in 2003, this three-story building boasts a desirable blend of executive office and warehouse space, perfectly suited for a variety of businesses. The property sits on a generous 3.96-acre lot and includes ample parking for 60 vehicles, along with two convenient loading docks. The upper level offers approximately 14,000 square feet of well-appointed office space, while the main level provides approximately 15,000 square feet of production or warehouse area. A lower-level warehouse adds another 4,000 square feet of functional space. The building features impressive 11-foot ceilings. Currently, the property generates a substantial net operating income (NOI) of $288,000 annually, with a lease in place through December 21, 2026, including a three-year option to extend. The lease includes pre-determined rent increases for the years 2025 and 2026. The property is zoned for industrial use, offering flexibility and potential for future expansion. Asking price is $3,200,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Connecticut location.

Highlights

  • 14,000 SF of office space on the upper level with approximately 60 parking spaces.
  • 15,000 SF of production/warehouse space on the main level.
  • 4,000 SF of warehouse space on the lower level.
  • Current lease expires 12/21/26 with a three-year option; $24,000/month ($288,000 annually) through 12/31/24.
  • Rent increases effective 1/1/25 and 1/1/26.

Property Details for 2 Morse Rd

Property type
Warehouses, Office properties
Square Feet
33,000 SF
Year Built/Renovated
1988/2003
Stories
3
Lot Size (sq. ft)
172,498 SF

Location Insight

City
Oxford
County
New Haven
State
Connecticut
Latitude
41.4709855
Longitude
-73.149634

FAQs

What type of property is this?
Warehouse - 33,000 SF Multi-Use Property, High NOI
Where is the warehouse located?
The property is located at 2 Morse Rd Oxford, CT.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 14,000 SF of office space on the upper level with approximately 60 parking spaces.; 15,000 SF of production/warehouse space on the main level.; 4,000 SF of warehouse space on the lower level.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2 Morse Rd
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