21 Forest St | New Canaan, CT 06840
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- LoopNet Team
21 Forest St
New Canaan, CT 06840
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 100% leased investment opportunity, with long-term leases and rent increases
- Prime downtown location; walk to stores, restaurants, and train station
- Newly constructed in 2016 and fit out for new tenants in 2022/2023
- Please note - the residences are *not* included in this sale.
Executive Summary
The subject property, 21 Forest Street Unit C1, is a recently built, commercial condominium unit on the first floor of the high-end Heritage Square development. 100% leased to two tenants with long-term NNN leases; House of Telos (personal training and recovery) and Look New Canaan (optometry). Excellent downtown location near numerous restaurants and shops, and a short walk to Elm Street and the Metro-North train station.
Property Facts
| No. Units | 7 | Lot Size | 0.56 AC |
| Property Type | Multifamily | Building Size | 20,284 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2016 |
| Building Class | B | Parking Ratio | 1.51/1,000 SF |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 20,284 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 1.51/1,000 SF |
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