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148 East Ave - Riverview East - Multi-Unit Investment 21,393 SF Office/Medical Condo Unit in Norwalk, CT 06851



Investment Highlights
- Attended lobby during business hours
- Drop-off and pick-up area for patients
- Close to other medical buildings
- Less than 1-mile from East Norwalk Train Station
- Close proximity to I-95 and Route 7
- Parking Ratio: 4.5/1,000
Executive Summary
For further details and financials, please contact Kurt Herold at Kherold@Corcoran.com or 917-721-1000. Wexler Healthcare Properties is pleased to present an exceptional investment opportunity featuring a strategically located medical office property in Norwalk, Connecticut, situated less than 2 miles from Norwalk Hospital. This asset is anchored by a major hospital system with an investment-grade credit rating, providing for long-term stability. The property encompasses approximately 21,393 rentable square feet across nine condominium units combined into four separate offices which house radiology, cardiology and urogynocology practices. The suites are thoughtfully designed with numerous well-equipped exam rooms, consultation offices, and spacious waiting and reception areas. Key features include: •New imaging center •100% occupied by credit tenant •Ample parking (4.5/1,000) •Renovated lobby •Close to other medical buildings •Total building is approximately 120,000 RSF •Close proximity to I-95 and Route 7 •Drop-off and pick-up area for patients •Less than 1-mile from East Norwalk Train Station •Attended lobby during business hours This secure investment is further strengthened by recently signed, long-term leases for the majority of the space, providing a reliable, passive income stream.
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Wexler Healthcare Properties is pleased to present an exceptional investment opportunity featuring a strategically located medical office property in Norwalk, Connecticut, situated less than 2 miles from Norwalk Hospital. This asset is anchored by a major hospital system with an investment-grade credit rating,
providing for long-term stability.
The property encompasses approximately 21,393 rentable square feet across nine condominium units combined into four separate offices which house radiology, cardiology and urogynocology practices. The suites are thoughtfully designed with numerous well-equipped exam rooms, consultation offices, and
spacious waiting and reception areas.
Key features include:
- New imaging center
- 100% occupied by credit tenant
- Parking ratio: 4.5/1,000
- Renovated lobby
- Close to other medical buildings
- Total building is approximately 120,000 RSF
- Close proximity to I-95 and Route 7
- Drop-off and pick-up area for patients
- Less than 1-mile from East Norwalk Train Station
Attended lobby during business hours
This secure investment is further strengthened by recently signed, long-term leases for the majority of the space, providing a reliable, passive income stream.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit MED | 21,393 SF | Office/Medical | Upon Request | - |
Unit MED
| Unit Size |
| 21,393 SF |
| Condo Use |
| Office/Medical |
| Price |
| Upon Request |
| NOI |
| - |
Unit MED
| Unit Size | 21,393 SF |
| Condo Use | Office/Medical |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| For further details and financials, please contact Kurt Herold at Kherold@Corcoran.com or 917-721-1000.<br> <br> Wexler Healthcare Properties is pleased to present an exceptional investment opportunity featuring a strategically located medical office property in Norwalk, Connecticut, situated less than 2 miles from Norwalk Hospital. This asset is anchored by a major hospital system with an investment-grade credit rating,<br> providing for long-term stability.<br> <br> The property encompasses approximately 21,393 rentable square feet across nine condominium units combined into four separate offices which house radiology, cardiology and urogynocology practices. The suites are thoughtfully designed with numerous well-equipped exam rooms, consultation offices, and<br> spacious waiting and reception areas.<br> <br> Key features include:<br> <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li>New imaging center<br> </li><li>100% occupied by credit tenant<br> </li><li>Parking ratio: 4.5/1,000<br> </li><li>Renovated lobby<br> </li><li>Close to other medical buildings<br> </li><li>Total building is approximately 120,000 RSF<br> </li><li>Close proximity to I-95 and Route 7<br> </li><li>Drop-off and pick-up area for patients<br> </li><li>Less than 1-mile from East Norwalk Train Station<br> Attended lobby during business hours<br> <br> This secure investment is further strengthened by recently signed, long-term leases for the majority of the space, providing a reliable, passive income stream.</li></ul> | |
| Sale Notes | |
| For further details and financials, please contact Kurt Herold at Kherold@Corcoran.com or 917-721-1000.</li></ul> |
Property Facts
| Total Building Size | 120,000 SF | Floors | 3 |
| Property Type | Office (Condo) | Typical Floor Size | 40,000 SF |
| Property Subtype | Medical | Year Built | 1984 |
| Building Class | B | Lot Size | 6.17 AC |
| Zoning | med/comm - EAST AVE VILLAGE DISTRICT | ||
| Total Building Size | 120,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 40,000 SF |
| Year Built | 1984 |
| Lot Size | 6.17 AC |
| Zoning | med/comm - EAST AVE VILLAGE DISTRICT |
Amenities
- Atrium
- Concierge
- Waterfront
- Reception
- Air Conditioning
Presented by
148 East Ave - Riverview East - Multi-Unit Investment
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