38 Wellington RdTolland, CT 06084

Property Details for 38 Wellington Rd

Year built

1981

Lot size

4.00 AC

Property size (Sq ft)

39,907 SF

Property type

Other commercial real estate

Property subtype

Other office properties

Description

Exceptional investment opportunity in Milford, CT, at 38 Wellington Rd, within the Merritt 95 Office Park. This Class A, 39,907 square-foot, two-story office building offers a 7.70% cap rate and a stable income stream from a credit-rated, single tenant—the State of Connecticut Department of Children and Families—under a modified lease with five years remaining until 2029. The property features a modern design with an atrium entry, high-quality tenant improvements, recently upgraded LED lighting and carpeting, and ample parking (5.6 spaces per 1,000 sq ft). Situated on a four-acre lot in the DO10 zoning district, this building benefits from convenient access to I-95, the Milford Metro-North Train Station, and Igor Sikorsky Memorial Airport. The property boasts 100% occupancy, a strong NOI of $477,610, and a price per square foot of $155.36. The asking price is $6,200,000. This is a rare opportunity to acquire a fully occupied, income-generating asset with long-term lease stability and excellent regional accessibility. Lease options are available. Built in 1981, this is a low-maintenance investment with a reliable tenant and a well-maintained office park environment.

Location Insight

City

Tolland

County

Greater Bridgeport

State

Connecticut

Latitude

41.896

Longitude

-72.3548

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].