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33167889
33167890

335 Highland Avenue, Cheshire, CT 06410

JL
CT RES.0766102
O, R&L Commercial Branford
TB
CT RES.0076659
O, R&L Commercial Branford
Listed by O, R&L Commercial Branford
$350,000
9 days on market
Updated 9 days ago

335 Highland Avenue, Unit 101-102

Details
Property Type Office
Sub Type Medical Office
Square Footage 2,735
Cap Rate 10.00%
NOI $24,560
Lease Type NNN
Class B
Year Built 1986
Buildings 1
Zoning R-20A
Investment Type Stabilized

Medical Office Condo Investment Opportunity

Marketing description

O,R&L Commercial is pleased to offer an exceptional opportunity to acquire a fully leased Medical Office Investment Condominium located within the Waverly Professional Park, a well-established office park in Cheshire, CT. Unit 101-102 consists of approximately 2,735 SF and is 100% occupied by a long-term medical tenant, providing stable and predictable cash flow. The property currently generates a Net Operating Income (NOI) of $34,560.24 with annual 3% rental increases built into the NNN Lease structure offering investors reliable income growth and minimal landlord responsibilities. This property is strategically positioned just off Route 10 (Highland Avenue) and benefits from excellent accessibility, strong surrounding demographics, and proximity to major retail, medical and professional services. The professional park setting is well-maintained and provides ample parking within an attractive environment for medical and office users alike. This is an ideal property for investors seeking dependable income from a healthcare tenancy in a desirable suburban market.

Investment highlights

  • Investment Opportunity
  • 2,735 SF Medical Office Condo
  • 100% Occupied with Long-term Medical Tenant
  • Net Operating Income (NOI): $34,560.24
  • 3% Annual Increases in NNN Lease
  • 10% Cap Rate
  • Located in Professional Office Park
  • Just off Route 10 / Highland Ave

Listing Contacts

JL
CT RES.0766102
O, R&L Commercial Branford
TB
CT RES.0076659
O, R&L Commercial Branford
Listed by O, R&L Commercial Branford

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,560.24
$2,046.69/mo

Valuation Metrics

0
DSCR
7.02%
Cap Rate
7.02%
ROI

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