`1817 Black Rock Turnpike
Office | 6.05% CAP | 18,561 SqFt
Marketing description
INVESTMENT OPPORTUNITY:
Fully Leased Prime Medical Office Building on Route 58 in Fairfield, CT, for Sale at $5,000,000
Angel Commercial, LLC, acting as the exclusive commercial real estate broker, is pleased to offer a fully leased professional medical office building on 0.67 acres at 1817 Black Rock Turnpike, Fairfield, CT, for sale at $5,000,000. The projected 2025 Annualized NOI is $302,639, representing a 6% cap rate. The building totals 18,561 SF with 13,059 SF of rentable area, including common areas, mechanical rooms, shared corridors, and storage that support the entire building.
The property is fully leased to ten tenants under triple net (NNN) leases, which reduce landlord responsibilities as tenants pay property taxes, insurance, and maintenance expenses. This structure minimizes operating costs and management requirements while providing predictable cash flow and long-term income stability, making it an attractive passive investment opportunity.
Featuring 122 feet of frontage on Route 58 adjacent to McDonald’s, the property enjoys a high-visibility, high-traffic location. It offers 55 shared parking spaces with handicap accessibility throughout. Recent upgrades include a new energy-efficient HVAC and lighting program, common area updates, and a newly installed roof.
Strategically located in a Designated Commercial District (DCD) Zone, the two-story building is home to a diverse mix of medical and dental professionals — creating a professional healthcare environment.
Situated in a vibrant retail corridor, the property is surrounded by national retailers such as ShopRite, McDonald’s, CVS, Starbucks, M&T Bank, T.J. Maxx, and Old Navy, ensuring strong visibility and convenience. Its location also provides excellent access to I-95, the Merritt Parkway, the Fairfield Black Rock Train Station, Fairfield University, and public transit options, making it an exceptional investment opportunity in the heart of Fairfield, Connecticut. For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Investment highlights
18,561 SF two-story medical office building with 13,059 RSF of income-producing space on 0.67 acres in Fairfield’s prime commercial district.
Fully leased to ten medical and dental tenants under NNN leases, minimizing owner expenses and ensuring predictable long-term income.
Offered at $5,000,000 with a projected 2025 NOI of $302,639, representing a 6% cap rate and stable investment return potential.
Located along Route 58 with 122 feet of frontage, providing excellent exposure and accessibility in a high-traffic retail corridor.
Ample on-site parking with 55 shared spaces, including handicap accessibility, elevator service, and upgraded common areas.
Surrounded by national retailers such as CVS, ShopRite, and Starbucks, with quick access to I-95, Merritt Parkway, and train service.
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