1 Post Rd 32,239 SF 100% Leased Office Building Fairfield, CT 06824 $9,000,000 ($279.16/SF) 6.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Waterfront Development: Prime waterfront property with approval for a 20-unit apartment building, offering a rare development opportunity.
- Excellent Visibility: 383 linear feet of frontage on Post Road, ensuring great exposure for businesses.
- Abundant Parking: 121 paved parking spaces available for tenants and visitors.
- Fully Leased Office Building: 32,239 SF three-story office building with high-end finishes and a boardwalk overlooking Ash Creek.
- Modern Upgrades: Updated elevator system, new gas furnace, and a new roof installed in 2020.
- Convenient Location: Close to restaurants, shopping, public transportation, and major retailers like Whole Foods and Home Depot.
EXECUTIVE SUMMARY
In a Designed Commercial District (DCD) Zone, One Post Road enjoys 383 linear feet of frontage on Post Road, ensuring high visibility. The office structure is enhanced by a scenic boardwalk overlooking Ash Creek, modern glass double entrance doors, recessed lighting, and upscale finishes that include rich wood moldings and marble floors. Significant updates include a renovated elevator system in 2020, transition to gas heating with a new gas furnace, and the installation of a new roof. Accessibility is a priority with handicapped access and ample parking available, featuring 121 paved spaces.
Current tenants of the office building comprise a diverse mix of reputable businesses, including Beers, Hammerman, Cohen & Burger PC; Columbia Mental Health; Old Republic National Title Insurance Co.; Lindenmeyr Central; Regenerating Solutions; Ferrara Law Group, PC; and Yellow Brick Real Estate, adding value to this investment.
Situated within a short walk to a variety of amenities such as restaurants, banks, hotels, shopping, and public transportation, One Post Road's location is unparalleled. It is conveniently located steps from a Coastal Link Bus Stop and less than one mile from I-95 (Exit 23) and the Fairfield Metro Train Station. It is near Whole Foods, CVS, Home Depot, the Edge Fitness Club, Stop & Shop, Staples, Verizon, Marshalls, Dunkin', the Circle Hotel, UPS, and the new RH Outlet. Proximity to Fairfield University, with over 6,000 students and employees, is advantageous for businesses, offering access to a pool of skilled and educated workers.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$102,437
|
$3.38
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$102,437
|
$3.38
|
PROPERTY FACTS
AMENITIES
- Waterfront
- Kitchen
- Central Heating
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
At Beers, Hamerman, Cohen & Burger, P.C., they are dedicated to providing expert accounting, tax, assurance and personalized service to our clients. They pride themselves on their attention to detail and ability to tailor their services to the unique needs of each individual and business. Their goal is to not only ensure compliance with applicable tax laws, regulations, and contracts, but also to provide strategic advice and planning to help their clients achieve their financial goals. They are committed to building long-term relationships with their clients and their team members based on trust, integrity and exceptional service.
Dr. Lazaro Pomeraniec, MD is a psychiatry specialist in Fairfield, CT and has over 50 years of experience in the medical field. He graduated from the University of Buenos Aires in 1973. He is affiliated with St. Vincent's Medical Center. He is accepting new patients and telehealth appointments.
- Ferrara Law Group, PC
- Professional, Scientific, and Technical Services
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- Lindenmeyr Central
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- Finance and Insurance
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Old Republic Title has been dedicated to helping Americans protect their property rights while offering peace of mind for one of the largest investments homeowners will make. The company works closely with title agents, real estate professionals, lenders, and industry experts to ensure safe and efficient real estate transactions. They provide comprehensive title and escrow products and services for individuals, businesses, and government entities. Headquartered in Tampa, FL, Old Republic Title Insurance Group has built a strong reputation as an industry leader and is one of the largest title insurance groups in the United States. The company follows a conservative financial management philosophy to maintain stability amid changes in the real estate, lending, and financial markets. Since 1992, no other title insurer has had higher overall ratings than Old Republic Title.
- Regenerating Solutions
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- Real Estate
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- Plus Electric
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At Yellowbrick Real Estate they're on top of the Real Estate Market so their clients don't have to be! They take advantage of today's innovative technology to aid in the Real Estate transaction process, but never at the expense of making real connections. With over 20 years of experience they pride themselves in exceeding your real estate expectations. Whether you're buying or selling at YB their goal is for you to......Live Where You Love.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Beers, Hamerman, Cohen & Burger PC | Professional, Scientific, and Technical Services | - | - | - | - | |
| Columbia Mental Health LLC | Health Care and Social Assistance | - | - | - | - | |
| Ferrara Law Group, PC | Professional, Scientific, and Technical Services | - | - | - | - | |
| Lindenmeyr Central | - | - | - | - | - | |
|
|
Finance and Insurance | - | - | - | - | |
| Regenerating Solutions | - | - | - | - | - | |
|
|
Real Estate | - | - | Plus Electric | - |
PROPERTY TAXES
| Parcel Number | FAIR-000130-000000-000153 | Total Assessment | $3,671,570 |
| Land Assessment | $1,014,510 | Annual Taxes | $102,437 ($3.18/SF) |
| Improvements Assessment | $2,657,060 | Tax Year | 2024 |
