75 Merritt Boulevard Active

Trumbull,CT 06611

$ 8

- Bed

- Bath

113000 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Rent

Square Footage 113,000 sqft

MLS Listing ID 170552589

Year Built 1988

Lot Size 5.000 Acres

Property Description

SEE ATTACHED FLYER FOR MORE INFO. Formerly home to one tenant, this 113,000 SF 3-story brick building is located in beautiful Trumbull Corporate Park in Eastern Fairfield County. Superb highway access. Proposed renovations to turn it into a multi-tenanted building are underway, including a new roof, new HVAC systems, new lobby, new lavatories, new hallways, new lighting, new landscaping and parking lot upgrades. Parking is 3.5/1000 SF of net space. IL3 zone allows office, R&D and medical use. Small-to-midsized spaces are available from 2,000 SF on up starting at $8.99 PSF/NNN with heat included. Taxes & CAM are estimated to be $3.96 PSF. Tenant pays for its own electric. Also for sale with the declared renovations completed @ $10M = $88.50 PSF (which is well below replacement cost). The building is currently 87% vacant. But, at 93% occupancy, the Cap Rate would be approximately 9.4%.

Location

State CT

County Fairfield

Zoning IL3

Interior

Heating Hot Air

Cooling Central Air

Exterior

Parking Features Paved

Utilities Available Electric,Gas

Roof Type EPDM Synthetic Rubber,Flat

Building

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

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