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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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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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