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38-40 Greenwich Ave 8,250 SF 100% Leased 4-Star Retail Building Greenwich, CT 06830 $10,750,000 ($1,303.03/SF) 5.50% Cap Rate
Investment Highlights
- Downtown Greenwich Avenue
Executive Summary
This prestigious Greenwich property is offered exclusively by Febbraio Commercial. The 8,250 s/f mixed use asset is located in one of Connecticut's most affluent corridors. The property is 100% leased with a diversified tenant mix of retail and residential uses and offers a stable in-place income with significant upside through lease turnovers and market rental adjustments. The landmark building has served the greater Greenwich community since 2008; its recent re-fresh and exterior modernization , clearly distinguish itself from neighboring properties, adding both curb appeal and tenant experience. The properties' upkeep is impeccable with minimal, to no cap-expenses for future owners.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,250 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$10,750,000
Price Per SF
$1,303.03
Cap Rate
5.50%
NOI
$591,250
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.71
Lot Size
0.07 AC
Zoning
CGBR - Downtown Commercial Business General
Parking
1 Spaces (0.12 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | GREE-000001-000000-001880-S000000 | Improvements Assessment | $2,407,790 |
| Land Assessment | $1,494,850 | Total Assessment | $3,902,640 |
Property Taxes
Parcel Number
GREE-000001-000000-001880-S000000
Land Assessment
$1,494,850
Improvements Assessment
$2,407,790
Total Assessment
$3,902,640
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38-40 Greenwich Ave
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