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One Lafayette Square 1 Lafayette Cir

40,000 SF 100% Leased Office Building Bridgeport, CT 06604 $6,328,800 CAD ($158 CAD/SF) 9.07% Cap Rate

Office Space Connecticut Bridgeport 1 Lafayette Cir, Bridgeport, CT 06604

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.

Attachments

Offering Memorandum

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
$6,328,800 CAD
Price Per SF
$158 CAD
Cap Rate
9.07%
NOI
$574,278 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,000 SF
Building FAR
1.04
Land Acres
0.88 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
DX1
Parking
53 Spaces (1.32 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Banking
  • Courtyard
  • Property Manager on Site
  • Restaurant
  • Signage

Links

1 of 1
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number BRID-000927-000005 Improvements Assessment $2,601,698 CAD
Land Assessment $488,382 CAD Total Assessment $3,090,079 CAD

PROPERTY TAXES

Parcel Number
BRID-000927-000005
Land Assessment
$488,382 CAD
Improvements Assessment
$2,601,698 CAD
Total Assessment
$3,090,079 CAD
(404) 876-1640 x101

  • Listing ID: 32186609

  • Date on Market: 2024-06-19

  • Last Updated:

  • Address: 1 Lafayette Cir, Bridgeport, CT 06604

The Office Property at 1 Lafayette Cir, Bridgeport, CT 06604 is currently available For Sale. Contact Bull Realty Inc. for more information.

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One Lafayette Square | 1 Lafayette Cir
(404) 876-1640 x 101

One Lafayette Square | 1 Lafayette Cir

1/2

Michael Bull

(404) 876-1640

x101

(404) 876-1640 x101

Austin Bull

(404) 876-1640

x175

(404) 876-1640 x175

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