38 Wellington Rd, Milford, CT 06461
39,907 SF | 100% Leased | Office Building | Online Auction Sale | Milford, CT 06461
- Property Type
-
Office
- Square Feet
- 39,907 SF
Listing Contacts
- Property Info
Property Overview
38 Wellington Road in Milford, Connecticut, is a prime two-story, 39,907-rentable-square-foot office building on a 4-acre lot within the prestigious Merritt 95 Office Park. This meticulously maintained single-tenant building, leased until 2029 by the State of Connecticut Department of Children and Families, presents an exceptional investment opportunity for those seeking steady cash flow. The modern office building features a spacious two-story open atrium entryway, with core amenities that include an elevator, ample parking, a mix of executive office areas, and open bullpen areas. Recent updates include new LED lighting and fresh hallway carpeting, enhancing the building's appeal. 38 Wellington Road is a low-maintenance and income-generating asset in a robust market.
38 Wellington Road boasts excellent connectivity, located just 60 miles from Manhattan and a short drive from major highways such as Interstate 95, Route 15, and Route 8. The property is only 3-miles from the Milford Metro-North Train Station and 10 miles from Igor Sikorsky Memorial Airport, offering seamless access for commuters and visitors alike. The surrounding area is served by a range of amenities, including shopping centers, restaurants, and recreational facilities, ensuring convenience for tenants and guests. Neighboring tenants within the office park include prominent institutions like Yale New Haven Hospital, further establishing the area as a key business hub.
Milford, Connecticut, is a thriving community with a population exceeding 138,000 and a strong median household income of nearly $100,000 within a 5-mile radius of the property. The area is renowned for its proximity to major healthcare providers, including Yale New Haven Hospital. It boasts a highly educated workforce, with 47% of residents holding an associate's degree or higher. Milford's strategic location and access to key highways make it an attractive destination for a diverse range of businesses, from medical offices to retail and manufacturing. The city's vibrant downtown and its business-friendly environment make it a magnet for major employers and national retailers. Investing in 38 Wellington Road offers the benefits of a low-maintenance, income-generating asset with professional tenants and long-term leases, ensuring financial stability. This property is a valuable addition to any diversified portfolio, offering security and growth potential in a strong market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
38 Wellington Road boasts excellent connectivity, located just 60 miles from Manhattan and a short drive from major highways such as Interstate 95, Route 15, and Route 8. The property is only 3-miles from the Milford Metro-North Train Station and 10 miles from Igor Sikorsky Memorial Airport, offering seamless access for commuters and visitors alike. The surrounding area is served by a range of amenities, including shopping centers, restaurants, and recreational facilities, ensuring convenience for tenants and guests. Neighboring tenants within the office park include prominent institutions like Yale New Haven Hospital, further establishing the area as a key business hub.
Milford, Connecticut, is a thriving community with a population exceeding 138,000 and a strong median household income of nearly $100,000 within a 5-mile radius of the property. The area is renowned for its proximity to major healthcare providers, including Yale New Haven Hospital. It boasts a highly educated workforce, with 47% of residents holding an associate's degree or higher. Milford's strategic location and access to key highways make it an attractive destination for a diverse range of businesses, from medical offices to retail and manufacturing. The city's vibrant downtown and its business-friendly environment make it a magnet for major employers and national retailers. Investing in 38 Wellington Road offers the benefits of a low-maintenance, income-generating asset with professional tenants and long-term leases, ensuring financial stability. This property is a valuable addition to any diversified portfolio, offering security and growth potential in a strong market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Property Details
- Class
- A
- Year Built/Renovated
- 1981/2019
- Stories
- 2
- Lot Size (sq. ft)
- 174,240 SF
Highlights
- Class A two-story, 39,907 rentable-square-foot office building in Milford, Connecticut, located on a 4-acre lot within the Merritt 95 Office Park.
- Just 60 miles from Manhattan, the property is strategically positioned with easy access to I-95, Route 15, & Route 8, ensuring seamless connectivity.
- Fully leased by the State of Connecticut Department of Children and Families until 2029, offering investors a reliable and consistent income stream.
- Significant 2008 renovations include a roof replacement, complete HVAC updates, a resurfaced parking lot, and new LED lighting.
- Location offers unparalleled convenience and is near major transportation hubs, shopping centers, restaurants, and recreational facilities.
- Milford's thriving population, high median income, and proximity to major employers make this property a valuable investment in a robust market.
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