321 Railroad Ave | Greenwich, CT 06830
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321 Railroad Ave
Greenwich, CT 06830
Greenwich Portfolio · Office Property For Sale · 21,500 SF Total
Executive Summary
AT A GLANCE
Five office and medical buildings, three of which feature user-owner potential, that are available in the highly desirable Fairfield County community of Greenwich, Connecticut
SIGNIFICANT RENTAL UPSIDE
Presently 72% leased to 14 tenants with average in-place rents of $43 per square foot, a 39.5% discount to portfolio average market rents of $60 per square foot
LEASE-UP POTENTIAL
Upside potential via the lease up of 16,356 square feet of immediately available space and markup of below-market in-place rental rates
Situated just 30 miles northeast of New York City with seamless regional access via Interstate 95, the Merritt Parkway and the Metro-North Railroad’s Greenwich station
Greenwich offers exceptional office and medical demand, serving as one of the most attractive satellite locations for Manhattan employers, a hub for financial services companies and home to one of the most affluent residential populations in the United States
The assets can be purchased together or separately.
Five office and medical buildings, three of which feature user-owner potential, that are available in the highly desirable Fairfield County community of Greenwich, Connecticut
SIGNIFICANT RENTAL UPSIDE
Presently 72% leased to 14 tenants with average in-place rents of $43 per square foot, a 39.5% discount to portfolio average market rents of $60 per square foot
LEASE-UP POTENTIAL
Upside potential via the lease up of 16,356 square feet of immediately available space and markup of below-market in-place rental rates
Situated just 30 miles northeast of New York City with seamless regional access via Interstate 95, the Merritt Parkway and the Metro-North Railroad’s Greenwich station
Greenwich offers exceptional office and medical demand, serving as one of the most attractive satellite locations for Manhattan employers, a hub for financial services companies and home to one of the most affluent residential populations in the United States
The assets can be purchased together or separately.
PROPERTY FACTS
| Price / SF | £422.02 / SF | Number of Properties | 2 |
| Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
| Net Initial Yield | 24.28% | Total Building Size | 21,500 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.57 AC |
| Status | Active |
| Price / SF | £422.02 / SF |
| Sale Conditions | Portfolio Sale |
| Net Initial Yield | 24.28% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,500 SF |
| Total Land Area | 0.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
UB Properties
321 Railroad Ave, Greenwich, CT 06830 |
Office | 10,700 SF | 1980 | - |
| 323 Railroad Ave, Greenwich, CT 06830 | Office | 10,800 SF | 1984 | - |
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