One Lafayette Square | 1 Lafayette Cir
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One Lafayette Square 1 Lafayette Cir
40,000 SF 100% Leased Office Building Bridgeport, CT 06604 £3,521,025 (£88/SF) 9.07% Net Initial Yield
Investment Highlights
- Strong Credit Anchor Tenant - AA+. Long-term sticky tenant in 82% of building. 2-bay bank drive-through.
- In-place professional management available. Walk score (91) - Walkers Paradise. Transit score (62) - Good transit .
- Ample surface parking, on-street and adjacent lots. Billboards on roof that could be monetized
- Broker of Record: Bang Realty | Brian Brockman | CT License #0792373 | 573-898-1551 | BOR.BangRealty.com
Executive Summary
Opportunity to acquire an 9% cap rate, government leased office building. The anchor tenant occupying 82% of the building is the
Connecticut State Judicial Branch, sticky-tenant with a AA+ credit rating. The 4-story, ±40,000 SF building in Bridgeport Connecticut
is perfectly located for the state judicial services.
Connecticut State Judicial Branch, sticky-tenant with a AA+ credit rating. The 4-story, ±40,000 SF building in Bridgeport Connecticut
is perfectly located for the state judicial services.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
40,000 SF
Building Class
B
Year Built/Renovated
1985/2003
Price
£3,521,025
Price Per SF
£88
Net Initial Yield
9.07%
NOI
£319,499
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
10,000 SF
Building FAR
1.04
Land Acres
0.88 AC
Opportunity Zone
Yes
Zoning
DX1
Parking
53 Spaces (1.32 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Banking
- Courtyard
- Property Manager on Site
- Restaurant
- Signage
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | BRID-000927-000005 | Improvements Assessment | £1,443,174 |
| Land Assessment | £270,908 | Total Assessment | £1,714,082 |
PROPERTY TAXES
Parcel Number
BRID-000927-000005
Land Assessment
£270,908
Improvements Assessment
£1,443,174
Total Assessment
£1,714,082
-
Michael Bull -
Austin Bull -
Bull Realty Inc.
(404) 876-1640
x101
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One Lafayette Square | 1 Lafayette Cir
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