Log In/Sign Up
Your email has been sent.
2 Ivy Brook Rd 40,000 SF 75% Leased Office Building Shelton, CT 06484 $7,900,000 ($197.50/SF) 7.34% Cap Rate



Investment Highlights
- Institutional-grade tenancy: Three of Connecticut's most creditworthy health systems
- Tenant stickiness: Medical build-outs are expensive to replicate, driving low turnover
- Strategic location: Direct proximity to Griffin Hospital, Yale New Haven Hospital, Bridgeport Hospital, Milford Hospital
- Recession-resistant asset class: Healthcare tenants maintain operations regardless of economic cycle
- Value-add upside: Remaining vacancy provides value-add opportunity
Executive Summary
Ivy Brook Medical Center is a rare opportunity to acquire a performing asset with a value-add opportunity. Situated in Fairfield County and within close proximity to 6 major medical institutions, this property includes CT's top 3 Anchor tenants (Griffin Hospital, Yale New Haven Health and Hartford Healthcare).
ANCHOR TENANTS
GRIFFIN HOSPITAL
Griffin Hospital is a 160-bed, not-for-profit acute care hospital in Derby, CT and one of the state's most recognized community hospitals for patient-centered care. Consistently ranked among Connecticut's top hospitals for patient satisfaction, Griffin has earned national recognition including 15 consecutive years on Fortune's "100 Best Companies to Work For" list. As a member of the Yale New Haven Health system, Griffin benefits from the resources, referral network, and capital backing of one of the Northeast's preeminent academic health systems.
YALE NEW HAVEN HEALTH
Yale New Haven Health (YNHHS) is Connecticut's largest and most comprehensive health system, comprising six hospitals — including Yale New Haven Hospital, Bridgeport Hospital, Greenwich Hospital, Lawrence + Memorial Hospital, Westerly Hospital, and Northeast Medical Group — along with hundreds of outpatient locations across the region. The system's presence at Ivy Brook Medical reflects its continued strategic investment in expanding high-quality outpatient services across Fairfield and New Haven counties, driving patient volume and long-term tenancy stability.
HARTFORD HEALTHCARE
Hartford HealthCare is one of Connecticut's two largest integrated health systems, operating seven hospitals and more than 400 care locations statewide, including Hartford Hospital, the Hospital of Central Connecticut, MidState Medical Center, and St. Vincent's Medical Center. With over 37,000 employees and an expansive employed physician model, Hartford HealthCare has aggressively expanded its outpatient footprint across the state — making multi-site medical office tenancies a core component of its growth strategy.
ANCHOR TENANTS
GRIFFIN HOSPITAL
Griffin Hospital is a 160-bed, not-for-profit acute care hospital in Derby, CT and one of the state's most recognized community hospitals for patient-centered care. Consistently ranked among Connecticut's top hospitals for patient satisfaction, Griffin has earned national recognition including 15 consecutive years on Fortune's "100 Best Companies to Work For" list. As a member of the Yale New Haven Health system, Griffin benefits from the resources, referral network, and capital backing of one of the Northeast's preeminent academic health systems.
YALE NEW HAVEN HEALTH
Yale New Haven Health (YNHHS) is Connecticut's largest and most comprehensive health system, comprising six hospitals — including Yale New Haven Hospital, Bridgeport Hospital, Greenwich Hospital, Lawrence + Memorial Hospital, Westerly Hospital, and Northeast Medical Group — along with hundreds of outpatient locations across the region. The system's presence at Ivy Brook Medical reflects its continued strategic investment in expanding high-quality outpatient services across Fairfield and New Haven counties, driving patient volume and long-term tenancy stability.
HARTFORD HEALTHCARE
Hartford HealthCare is one of Connecticut's two largest integrated health systems, operating seven hospitals and more than 400 care locations statewide, including Hartford Hospital, the Hospital of Central Connecticut, MidState Medical Center, and St. Vincent's Medical Center. With over 37,000 employees and an expansive employed physician model, Hartford HealthCare has aggressively expanded its outpatient footprint across the state — making multi-site medical office tenancies a core component of its growth strategy.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
40,000 SF
Building Class
B
Year Built
2007
Price
$7,900,000
Price Per SF
$197.50
Cap Rate
7.34%
NOI
$580,087
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,000 SF
Building FAR
0.07
Lot Size
13.62 AC
Zoning
PDD1 - Planned Development District
Parking
248 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Day Care
- Property Manager on Site
- Air Conditioning
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | SHEL-000079-000000-000001 | Total Assessment | $2,665,180 |
| Land Assessment | $655,130 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,010,050 | Tax Year | 2025 |
Property Taxes
Parcel Number
SHEL-000079-000000-000001
Land Assessment
$655,130
Improvements Assessment
$2,010,050
Total Assessment
$2,665,180
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2 Ivy Brook Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

