765 Straits TpkeMiddlebury, CT 06762

Property Details for 765 Straits Tpke

Year built

2001

Construction

STEEL FRAME

Lot size

10.46 AC

Property size (Sq ft)

32,708 SF

Zone code

CA40

Property type

Office properties

Property subtype

Office buildings

APN

MIDD M:4-06 L:418

APU

MIDDM406L418

Description

This exceptional 32,000 square foot Class B office building, constructed in 2003, presents a unique leasing opportunity in Middlebury, Connecticut. Ideally situated off I-84, this two-story building offers unparalleled convenience and accessibility. The property boasts a generous 125 parking spaces, providing a comfortable 4:1,000 square foot parking ratio for tenants and their guests. Currently, the entire 32,000 square feet is available for lease, divisible into two equally sized 16,000 square foot floor plates, each offering a 12-foot ceiling height. This makes it perfect for a variety of office configurations and tenant needs. The building's location within New Haven County places it amongst a thriving mix of retail, medical, and office businesses, creating a dynamic and convenient environment for employees and clients alike. The multiple tenancy structure allows for flexibility and potential for shared amenities. This is a rare opportunity to secure a substantial, well-located office space in a highly desirable area. The building's size and layout offer significant potential for a single large tenant or the possibility of dividing the space to accommodate multiple smaller businesses. Don't miss this chance to establish your business in this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,407,610

  6.5%

  $4,991,640

  7%

  $4,635,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,273,628

  Geo Method

  $4,273,628

• Alternative Use

  Use

  Valuation

  Residential

  $6,189,633

  Hospitality

  $5,669,670

  Educational

  $4,717,100

  Medical

  $4,879,328

  Retail

  $7,337,710

Location Insight

City

Middlebury

County

New Haven

State

Connecticut

Latitude

41.53

Longitude

-73.0867

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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