700 Johnson AveCheshire, CT 06410

Property Details for 700 Johnson Ave

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.88 AC

Property size (Sq ft)

39,329 SF

Zone code

I-2

Property type

Office buildings

APN

CHES M:2 B:10 L:

APU

CHESM2B10L

Description

This prestigious three-story Class A office building, located at 700 West Johnson Avenue in Cheshire, Connecticut (06410), offers a variety of executive office suites for lease. The 36,000 square foot building sits on a 5.88-acre lot and is conveniently situated off I-84 and I-691, providing easy access to I-91. Multiple tenancies are available, ranging from a minimum of 445 square feet to a maximum contiguous space of 7,233 square feet. Currently, 23,062 square feet of space is vacant. Available spaces include first-floor options of 5,000 and 1,000 square feet

• CAP approach

  CAP return

  Valuation

  6%

  $6,502,258

  6.5%

  $6,002,084

  7%

  $5,573,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,138,727

  Geo Method

  $5,138,727

• Alternative Use

  Use

  Valuation

  Residential

  $7,442,585

  Hospitality

  $6,817,368

  Educational

  $5,671,970

  Medical

  $5,867,038

  Retail

  $8,823,065

Location Insight

City

Cheshire

County

New Haven

State

Connecticut

Latitude

41.5585

Longitude

-72.9173

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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