2795 Whitney Ave 5,430 SF 86% Leased Office Building Hamden, CT 06518 $836,000 ($153.96/SF) 9.73% Cap Rate

This modern, fully renovated office building features 21 private, individual office suites complemented by shared kitchenettes, a spacious breakroom, and dedicated conference rooms. Ideal for both investors seeking stable income and owner-occupants looking for a high-quality, move-in-ready facility, this property offers exceptional flexibility and long-term value.
The building has undergone extensive upgrades, including a new boiler, central air conditioning, LED lighting, updated flooring and drywall, renovated bathrooms, and new fixtures and countertops throughout the kitchenettes and common areas.
Additional improvements include USB-compatible outlets, soundproof insulation, upgraded plumbing and electrical systems, new windows and roof, enhanced ingress/egress, a comprehensive security system with secure tenant access, and 27 on-site parking spaces.
The asset offers a strong in-place cap rate of 9.7% with additional rent upside potential. Notably, the City of Hamden has granted Special Municipal Approval permitting tenancy for businesses requiring on-site client visits—expanding the pool of eligible tenants.
Nine offices are equipped with sinks, making the property especially attractive to medical, wellness, and service-oriented users. With its extensive upgrades, flexible tenant appeal, and suitability for both investment and owner-user scenarios, this is a prime opportunity positioned for continued growth and sustained demand.