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444 Foxon Rd 16,570 SF 100% Leased Office Building East Haven, CT 06513 $2,495,000 ($150.57/SF)
Executive Summary
Incredible Investment opportunity to own three buildings on one large 2.16 acre lot on Route 80 in East Haven with a huge upside potential. The first building consist of a 16,570 SQ FT office building with 3 excellent long term tenants and one 1000 SQ FT office space currently vacant. The rents for the building are currently $7000 (leased until 2026), $3181 (leased until 2028) and $1800 (Month to month). The second building is located at 430 Foxon RD which is a free standing building with 1950 SQ FT leased for $4191 per month until 2027 to a bank with a long term NNN lease (Paying 37% of the taxes on the property). The bank has a second three year option until 2030 at $4,400 and is currently in negotiation to resign for an additional 10 years. The third building is a 2424 SQ FT single family house with 5 bedrooms and 1.5 baths currently leased at a very below market rent at $1800 per month. The complex has ample off street parking for ~ 40 cars. This Investment opportunity will not last long!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,570 SF
Building Class
C
Year Built/Renovated
1982/2002
Price
$2,495,000
Price Per SF
$150.57
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,133 SF
Building FAR
0.18
Lot Size
2.14 AC
Zoning
CD - Commercial
Parking
33 Spaces (1.08 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Signage
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | EHAV-000470-005932-000008 | Improvements Assessment | $1,535,940 |
| Land Assessment | $243,460 | Total Assessment | $1,779,400 |
Property Taxes
Parcel Number
EHAV-000470-005932-000008
Land Assessment
$243,460
Improvements Assessment
$1,535,940
Total Assessment
$1,779,400
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444 Foxon Rd
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