Log In/Sign Up
Your email has been sent.
33 Hospital Ave
Danbury, CT 06810
Nuvance Health / Neuroscience Institute · Office Property For Sale
Investment Highlights
- Firm base term extending through 2037, offering predictable income increasing 2% annually throughout the duration of the lease.
- Situated directly across from Danbury Hospital, the region’s primary acute care hospital, and positioned within an established medical campus.
Executive Summary
High Acuity Neuroscience and Surgical Care Facility: The property is occupied by The Neuroscience Institute at Nuvance Health, a specialized medical practice delivering advanced neurosurgical and spine care for complex neurological conditions. The facility supports high acuity / surgical services, including minimally invasive brain and spine procedures, treatment of brain and spinal tumors, and coordinated care alongside hospital based specialists.
Strong Regional Healthcare Demand and Market Fundamentals: The property is located within Danbury’s primary healthcare and employment corridor, serving a regional trade area of more than 400,000 residents across Western Connecticut and neighboring New York. The market supports over $400 million in annual healthcare spending and is anchored by major hospital, outpatient, and specialty providers, creating sustained demand for high acuity and ambulatory medical services. Limited new medical development with strong demographic trends continue to reinforce Danbury’s position as the dominant healthcare hub in the region.
Operationally irreplaceable to Northwell-Nuvance Health System: 100% Occupied by Nuvance Health Medical Practice CT, Inc. (Guarantor) a $400MM+ annual revenue physician practice platform with approx. 56 locations & 176,000+ patients, fully integrated into Northwell-Nuvance Health System through a binding sole corporate member structure. The tenant is mission critical to the adjacent Danbury Hospital campus and the broader Western Connecticut network, making ongoing operational and financial support from the A-rated parent a strategic and economic necessity.
Strong Regional Healthcare Demand and Market Fundamentals: The property is located within Danbury’s primary healthcare and employment corridor, serving a regional trade area of more than 400,000 residents across Western Connecticut and neighboring New York. The market supports over $400 million in annual healthcare spending and is anchored by major hospital, outpatient, and specialty providers, creating sustained demand for high acuity and ambulatory medical services. Limited new medical development with strong demographic trends continue to reinforce Danbury’s position as the dominant healthcare hub in the region.
Operationally irreplaceable to Northwell-Nuvance Health System: 100% Occupied by Nuvance Health Medical Practice CT, Inc. (Guarantor) a $400MM+ annual revenue physician practice platform with approx. 56 locations & 176,000+ patients, fully integrated into Northwell-Nuvance Health System through a binding sole corporate member structure. The tenant is mission critical to the adjacent Danbury Hospital campus and the broader Western Connecticut network, making ongoing operational and financial support from the A-rated parent a strategic and economic necessity.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,381 SF
Building Class
C
Year Built/Renovated
1988/2022
Price
$7,500,000
Price Per SF
$658.99
Cap Rate
6%
NOI
$450,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,691 SF
Building FAR
0.25
Lot Size
1.03 AC
Zoning
RH-3
Parking
7 Spaces (0.62 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | DANB-000012J-000000-000006 | Improvements Assessment | $1,612,380 |
| Land Assessment | $420,490 | Total Assessment | $2,032,870 |
Property Taxes
Parcel Number
DANB-000012J-000000-000006
Land Assessment
$420,490
Improvements Assessment
$1,612,380
Total Assessment
$2,032,870
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
