One Lafayette Square | ±40,000 SF Government Leased Office Building | 9% Cap Rate
1 Lafayette Cir
Bridgeport, CT 06604
FOR SALE
Property Type:
Government/MunicipalitiesAmount:
$4,500,000
Last Verified:
Dec 12, 2024Daily Email Blast
0 times
Highlights
- Strong Credit Anchor Tenant - AA+
- Long-term sticky tenant in 82% of building
- 2-bay bank drive-through
- Ample surface parking, on-street and adjacent lots
- Billboards on roof that could be monetized
- In-place professional management available
- Walk score (91) - Walkers Paradise
- Transit score (62) - Good transit
- Broker of Record: Bang Realty | Brian Brockman | CT License #0792373 | 573-898-1551 | BOR.BangRealty.com
Description
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.
Bridgeport, CT
Year Built: 1905
Building Size: 40000sq ft
Building Class: B
Lot Size: 0.88 acres
