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29449406
29449405

67 Holly Hill Ln, Greenwich, CT 06830

TT
CT REB.0684067
Allied Property Group
JE
NY 10301206529
Marcus & Millichap - Westchester
Listed by Allied Property Group, Marcus & Millichap - Westchester
$9,695,000
126 days on market
Updated 36 days ago

67 Holly Hill Ln

Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 20,947
Units 87
Cap Rate 6.90%
NOI $666,400
Occupancy 95%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 6.87%
Pro-Forma NOI $666,400
Price per SqFt $473
Class A
Year Built 1990
Year Renovated 2012
Buildings 1
Stories 3
Acreage 0.910
Investment Type Stabilized
Sale Condition For sale by owner

Office | 6.90% CAP | 20,947 SqFt

Marketing description

67 Holly Hill Lane in Greenwich, Connecticut is a modern three-story elevatored office building containing a total of 20,947 square feet located just off West Putnam Street (Route 1), a major office/retail corridor in the area. The location is extremely desirable for office, medical and financial tenants given its proximity to one of the wealthiest communities in the country.

The property is a modern 20,947 square-foot office building in a highly desirable location for both office and medical tenants. Jewish Family Services of Greenwich occupies approximately 43 percent of the building in a several spaces throughout the property.

Situated on .91 acres, this boutique office building is a concrete/steel structure with a precast concrete and glass facade, one hydraulic Dover elevator, a standby generator (diesel powered), 12 foot slab to slab floors, a new rooftop cooling tower, fire alarm, landlord controlled HVAC, and 88 parking spaces (50 covered, 4.2/1000 ratio).

Located in the Western Putnam section of Greenwich, it is approximately one mile off Interstate-95 and 30 miles north of Manhattan, the Property is approximately 1.4 miles from the Greenwich MetroNorth train station and is minutes from the vibrant Greenwich Business District, renowned for its high concentration of financial services firms, hedge funds and money management funds and upscale retail stores and fine dining.

Investment highlights

  • Prime Class A Office Building in Greenwich, CT
  • High Barrier to Entry Market
  • Located one mile to Interstate I-95 and 1.4 miles to Metro North train stop
  • 24/7 key card access and surveillance
  • New cooling tower

Listing Contacts

TT
CT REB.0684067
Allied Property Group
JE
NY 10301206529
Marcus & Millichap - Westchester
Listed by Allied Property Group, Marcus & Millichap - Westchester

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$666,400.00
$55,533.33/mo

Valuation Metrics

0
DSCR
6.87%
Cap Rate
6.87%
ROI

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Additional Information

Name
John Krueger
License
CT REB.0752012
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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