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Yale Plaza 950 Yale Ave 7,500 SF of Office/Retail Space Available in Wallingford, CT 06492
HIGHLIGHTS
- Office / retail / medical for #39 only / center
- Highway Access: Wilbur Cross Pkwy., Exit 66
- Great location with long term tenants.
- Parking for 350 cars
- 11 Overhead Door
- 200 AMP, Sprinklered
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste #23,24,25,26,27 | 7,500 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $75,000 /YR $6,250 /MO | Triple Net (NNN) |
950 Yale Ave - 1st Floor - Ste #23,24,25,26,27
Office/ Flex/ Retail/ Restaurant/ Medical center with Route 5 and Wilbur Cross Parkway exposure. Former Square Foot Theater and Tavern comprised of five 1,500 SF units.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,500 SF | Frontage | 500’ on Yale Avenue |
| Center Type | Neighborhood Center | Gross Leasable Area | 66,000 SF |
| Parking | 350 Spaces | Total Land Area | 7.36 AC |
| Stores | 30 | Year Built | 1987 |
| Center Properties | 1 |
| Total Space Available | 7,500 SF |
| Center Type | Neighborhood Center |
| Parking | 350 Spaces |
| Stores | 30 |
| Center Properties | 1 |
| Frontage | 500’ on Yale Avenue |
| Gross Leasable Area | 66,000 SF |
| Total Land Area | 7.36 AC |
| Year Built | 1987 |
ABOUT THE PROPERTY
Office / retail / medical center with Route 5 and Wilbur Cross Parkway exposure. These units are currently set up for Theater and Tavern. Great location with long term tenants. Space can be leased total area or divided by unit of 1500 SF each. Total Building 66,000 SF, Stories 1 Available SF 7,500 SF Year Built 1987 Overhead Door Site: Acres 7.34 Zoning I-40 Parking 350 cars Highway Access Wilbur Cross Pkwy., Exit 66 Transportation Near bus line Designed for Various Uses: Medical • Laboratory / R & D/Retail • Sales/Computer Sales and Service Air-conditioning Central Sprinklered Wet Type of Heat Gas / WAIR Electric Service 200 Amp Utilities City water and sewers / Gas
NEARBY MAJOR RETAILERS
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Yale Plaza | 950 Yale Ave
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