This exceptional opportunity presents brand new medical and professional office space within Atlas Commons, a state-of-the-art two-building office park situated at 215 Elm Street in Old Saybrook, Connecticut. The property, completed in 2021, offers a total of 26,087 square feet of modern office space, with suites ranging from a minimum of 2,000 square feet to a maximum contiguous space of 10,606 square feet. Multiple tenancy options are available, catering to a variety of business needs. The property sits on a generous 4.7 acres of land and boasts a convenient location directly off I-95 at Exit 67, providing easy access for both employees and clients. The development is already home to established tenants, Hartford Healthcare and Connecticut GI, solidifying its position as a premier medical destination. The location offers proximity to a wealth of amenities, including shopping and dining options, enhancing the overall appeal for businesses and employees alike. Attractive tenant improvement allowances are available. The lease rate is $24.50 per square foot, NNN.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$140,135,344
Hospitality
$128,363,224
Educational
$106,796,696
Medical
$110,469,600
Retail
$166,128,192
Location Insight
City
Old Saybrook
County
Middlesex
State
Connecticut
Latitude
41.2994
Longitude
-72.3888
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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