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49-51 Locust Ave

45,006 SF 98% Leased Office Building New Canaan, CT 06840 £5,169,397 (£115/SF) 5.56% Net Initial Yield

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EXECUTIVE SUMMARY

Boutique 3 story office building located in the heart of New Canaan, CT. The building is 18,000 sf of space and is 100% occupied.

49 Brochure

PROPERTY FACTS

Sale Type

Investment

Property Type

Office

Building Size

45,006 SF

Building Class

Year Built

1972

Price

£5,169,397

Price Per SF

£115

Net Initial Yield

5.56%

NOI

£287,418

Percent Leased

98%

Tenancy

Multiple

Number of Floors

Typical Floor Size

15,002 SF

Building FAR

1.78

Lot Size

0.58 AC

Zoning

700

Parking

52 Spaces (1.16 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

1st Fl-Ste 108
680 SF
Office
Full Build-Out
Now

1/5

49-51 Locust Ave, New Canaan, CT for sale Interior Photo- Image 1 of 5 — Interior Photo

49-51 Locust Ave, New Canaan, CT for sale Interior Photo- Image 2 of 5 — Interior Photo

49-51 Locust Ave, New Canaan, CT for sale Interior Photo- Image 3 of 5 — Interior Photo

49-51 Locust Ave, New Canaan, CT for sale Interior Photo- Image 4 of 5 — Interior Photo

49-51 Locust Ave, New Canaan, CT for sale Interior Photo- Image 5 of 5 — Interior Photo

Space	Size	Space Use	Condition	Available
1st Fl-Ste 108	680 SF	Office	Full Build-Out	Now

Size

680 SF

Space Use

Office

Condition

Full Build-Out

Available

Now

1 of 5

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/5

1 of 1

Walk Score®

Very Walkable (87)

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PROPERTY TAXES

Parcel Number	NCAN M:000T B:073 L:00723	Improvements Assessment	£1,897,304
Land Assessment	£966,049	Total Assessment	£2,863,353

PROPERTY TAXES

Parcel Number

NCAN M:000T B:073 L:00723

Land Assessment

£966,049

Improvements Assessment

£1,897,304

Total Assessment

£2,863,353

Listing ID: 30273669
Date on Market: 04/12/2023
Last Updated:
Address: 49-51 Locust Ave, New Canaan, CT 06840

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