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209 Center St 29,386 SF 100% Leased Industrial Building Bridgeport, CT 06604 $2,800,000 ($95.28/SF) 5.40% Cap Rate
Investment Highlights
- Investment/ Value Add opportunity for owner/user industrial/flex space asset with steady income stream
- Property includes a rare two bedroom residential apartment for owner/user or could be rented for additional income stream
- Possible seller financing for qualified buyers
- Beautifully renovated linear windows, exposed brick and natural light for a modern industrial finish
- Conveniently positioned for easy on/off access to I-95 and route 8 intersection
- Located within the Bridgeport Enterprize Zone
Executive Summary
Pyramid Real Estate Group is pleased to offer for sale exclusively a very rare flex/industrial plus residential property located at 209 Center St, Bridgeport, CT. An outstanding opportunity for a value-add end-user/owner or investor to own a multi-tenant industrial asset, which is in very high demand, with the added benefits of a steady rental income/commercial( Modified Gross leases) already in a place with annual escalations. The property consists of 29,386 square feet of flex/industrial building, including five industrial/flex spaces with 14-16ft ceiling heights ranging from 3,000sf - 6,640sf and a 1,500 square two-bedroom apartment. This beautifully renovated warehouse/factory building with linear windows provides plenty of natural light and interior exposed bricks and exposed wooden rafters, creating a modern industrial finish. The Property is ideally located along the Route 8 corridor and within 1 mile from 1-95 Exit (27-A). The property can be delivered with vacant industrial space for the owner/user, as two tenants are currently on an MTM basis. The residential apartment can either serve as a residence for the owner or be leased to tenants for an additional income stream.
Property Facts
| Price | $2,800,000 | Rentable Building Area | 29,386 SF |
| Price Per SF | $95.28 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1916 |
| Cap Rate | 5.40% | Parking Ratio | 0.58/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.65 AC | ||
| Zoning | RC - Neighbourhood mixed-use (NX2) | ||
| Price | $2,800,000 |
| Price Per SF | $95.28 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.40% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.65 AC |
| Rentable Building Area | 29,386 SF |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 0.58/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | RC - Neighbourhood mixed-use (NX2) |
Amenities
- Fenced Lot
- Security System
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Lower level office space.
First floor industrial space.
| Space | Size | Space Use | Condition | Available |
| Lower Level | 6,800 SF | Office | Full Build-Out | 30 Days |
| 1st Floor | 5,500 SF | Industrial | Full Build-Out | 30 Days |
Lower Level
| Size |
| 6,800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size |
| 5,500 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
Lower Level
| Size | 6,800 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Lower level office space.
1st Floor
| Size | 5,500 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
First floor industrial space.
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | BRID-001040-000014A | Improvements Assessment | $418,100 |
| Land Assessment | $87,910 | Total Assessment | $506,010 |
Property Taxes
Parcel Number
BRID-001040-000014A
Land Assessment
$87,910
Improvements Assessment
$418,100
Total Assessment
$506,010
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