21-23 Business Park DrBranford, CT 06405

Property Details for 21-23 Business Park Dr

Lot size

4.70 AC

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

BRAN M:H05-000 B:001 L:00002

APU

BRANMH05000B001L00002

Description

This exceptional 9,320-square-foot flex/R&D space is available for lease in a professionally managed building situated in New Haven County. The fully built-out chemistry lab boasts extensive equipment, including five benchtop chemical hoods, two walk-in hoods, and one lower bench hood. Secure chemical storage is in place, complemented by a backup power generator for reliable operation. High-quality lab equipment is included, featuring ovens, Buchi Rotovaps, a Buchi heating bath and pump, and a Bruker Ascend 400 NMR. A comprehensive equipment list is available upon request. This single-building property, built in 1983, sits on 4.7 acres and is zoned IG-2. The minimum divisible space is 9,320 square feet, with a maximum contiguous space of the same size. The total building area encompasses 35,940 square feet, and the property offers ample parking. Its convenient location provides easy access to Yale University (15 minutes) and Tweed Airport (10 minutes), making it an ideal location for research and development businesses. The property is classified as Class B and features multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $41,972,320

  6.5%

  $38,743,680

  7%

  $35,976,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,463,344

  Geo Method

  $41,463,344

• Alternative Use

  Use

  Valuation

  Residential

  $38,743,680

  Hospitality

  $35,489,004

  Educational

  $29,526,434

  Medical

  $30,541,894

  Retail

  $45,930,008

Location Insight

City

Branford

County

New Haven

State

Connecticut

Latitude

41.2956

Longitude

-72.7707

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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