Industrial, office, and event space 35-69 Benham Ave 69,000 SF 100% Leased Industrial Building Bridgeport, CT 06605 $3,900,000 ($56.52/SF) 8.86% Cap Rate
INVESTMENT HIGHLIGHTS
- 2nd floor renovated 2019
- Open floor plan with expose beams and brick with multipurpose rooms and flex spaces
- Close to Highways, Universities, Train Station
EXECUTIVE SUMMARY
Prime Commercial Property for Sale - 35 Benham Ave, Bridgeport, CT 06605
Discover a mixed-use facility with endless possibilities at 35 Benham Ave, Bridgeport, CT. This 69,000 SF property sits on a 1.27-acre lot and offers industrial, office, and event space on one versatile campus, including a private gated parking lot.
Second floor is a perfect turnkey solution for a church, event space, performance venue or non-profit organization. Includes reception area, 500 seat auditorium, private offices, several large multi-purpose rooms, child care area and banquet hall. Could be subdivided and leased for additional revenue.
Current configuration includes a state-of-the-art auditorium, fully equipped with broadcast-ready technology and expansion potential, featuring a 26-foot LED Video Wall, multi-camera broadcast studio, IMAG screens, digital sound, theater lighting, and presentation system.
First floor includes 30,000 square feet of industrial warehouse space with load-in dock and two drive in bays.
Second floor is sustainable & cost-efficient: Energy-efficient HVAC and solar panel system has drastically reduced utility costs and generates quarterly income through energy efficiency credits.
Capital Improvements & Upgrades:
Brand new second-floor expansion with modernized infrastructure, new electrical, plumbing, fire protection system and security cameras; new HVAC system covering auditorium, lobby, multipurpose rooms, backstage, and children’s area; income generating 130.90 kW Solar Panel System on top of 14,000 SF of newly replaced roofing.
This exceptional property is a rare find in Bridgeport, CT, offering a turnkey solution for religious or non-profits organizations, event venues, or community centers. etc. The income from commercial tenants offsets operating costs, making it a financially attractive purchase.
Schedule a private tour today to experience the possibilities of 35 Benham Ave!
Discover a mixed-use facility with endless possibilities at 35 Benham Ave, Bridgeport, CT. This 69,000 SF property sits on a 1.27-acre lot and offers industrial, office, and event space on one versatile campus, including a private gated parking lot.
Second floor is a perfect turnkey solution for a church, event space, performance venue or non-profit organization. Includes reception area, 500 seat auditorium, private offices, several large multi-purpose rooms, child care area and banquet hall. Could be subdivided and leased for additional revenue.
Current configuration includes a state-of-the-art auditorium, fully equipped with broadcast-ready technology and expansion potential, featuring a 26-foot LED Video Wall, multi-camera broadcast studio, IMAG screens, digital sound, theater lighting, and presentation system.
First floor includes 30,000 square feet of industrial warehouse space with load-in dock and two drive in bays.
Second floor is sustainable & cost-efficient: Energy-efficient HVAC and solar panel system has drastically reduced utility costs and generates quarterly income through energy efficiency credits.
Capital Improvements & Upgrades:
Brand new second-floor expansion with modernized infrastructure, new electrical, plumbing, fire protection system and security cameras; new HVAC system covering auditorium, lobby, multipurpose rooms, backstage, and children’s area; income generating 130.90 kW Solar Panel System on top of 14,000 SF of newly replaced roofing.
This exceptional property is a rare find in Bridgeport, CT, offering a turnkey solution for religious or non-profits organizations, event venues, or community centers. etc. The income from commercial tenants offsets operating costs, making it a financially attractive purchase.
Schedule a private tour today to experience the possibilities of 35 Benham Ave!
FINANCIAL SUMMARY (ACTUAL - 2024) 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
|
PROPERTY FACTS
| Price | $3,900,000 |
| Price Per SF | $56.52 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.86% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.27 AC |
| Rentable Building Area | 69,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2019 |
| Parking Ratio | 1.01/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | Wood Ave |
| Zoning | Light Industrial |
AMENITIES
- Fenced Lot
UTILITIES
- Water - City
- Sewer - City
- Heating - Oil (Fired)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Elinco International JPC, Inc.
- Manufacturing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- REN.
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Elinco International JPC, Inc. | Manufacturing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| REN. | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The second floor is a perfect turnkey solution for a church, event space, performance venue or non-profit organization. Includes reception area, 500 seat auditorium, private offices, several large multi-purpose rooms, child care area and banquet hall.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 37,000 SF | Office | Full Build-Out | 120 Days |
2nd Floor
| Size |
| 37,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 120 Days |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | BRID-001116-000014B | Total Assessment | $1,168,900 |
| Land Assessment | $222,250 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $946,650 | Tax Year | 2024 |
