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Value-Add Multi-Tenant MOB - Vernon, CT 351 Merline Rd 16,670 SF Office Building Vernon, CT 06066 $1,250,000 ($74.99/SF)
Investment Highlights
- Strong Tenant Base: 16,670 SF multi-tenant building with an existing tenant roster and value-add opportunity.
- Dense Rooftops: 95,202 residents within 5 miles.
- Stable Market: Projected growth essentially flat from 2023?2028.
- Established Medical Office Location: Located in Vernon’s established medical office pocket with multiple on-site/off-site healthcare users.
- Strong Daytime Draw: 86,116 daytime population within 5 miles, supporting weekday medical/professional demand.
Executive Summary
Sands Investment Group is pleased to exclusively present for sale a 16,670 SF multi-tenant building with an existing tenant roster and a compelling value-add opportunity located at 351 Merline Road in Vernon, Connecticut. The property benefits from projected growth that remains essentially flat from 2023 to 2028, offering stability for investors. Situated in Vernon’s established medical office corridor, the asset is surrounded by multiple on- site and nearby healthcare users and is in close proximity to Rockville’s hospital campus, supporting durable outpatient demand and providing a secure, long-term investment opportunity.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
BoR: Andrew Ackerman - Lic. CT #REB.0792529
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$182,000
|
$10.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $182,000 |
| Annual Per SF | $10.92 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,670 SF
Building Class
A
Year Built
1970
Price
$1,250,000
Price Per SF
$74.99
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,557 SF
Building FAR
0.26
Lot Size
1.46 AC
Zoning
COMMER - Commercial
Parking
65 Spaces (3.9 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Air Conditioning
1 1
Property Taxes
| Parcel Number | VERN-000009-000015H-000019 | Improvements Assessment | $786,810 |
| Land Assessment | $149,100 | Total Assessment | $935,910 |
Property Taxes
Parcel Number
VERN-000009-000015H-000019
Land Assessment
$149,100
Improvements Assessment
$786,810
Total Assessment
$935,910
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Value-Add Multi-Tenant MOB - Vernon, CT | 351 Merline Rd
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