1 Post Rd, Fairfield, CT 06824
32,239 SF | 100% Leased | Office Building | Fairfield, CT 06824 | $9,000,000 ($279/SF) | 6.08% Cap Rate
For Sale
Active
Asking Price $9,000,000
- Property Type
-
Office
- Square Feet
- 32,239 SF
- Price / Square Foot
- $279
Listing Contacts
- Property Info
Property Overview
Angel Commercial, LLC, is pleased to present a waterfront investment opportunity with the sale of One Post Road in Fairfield, CT, for $9,000,000. This waterfront property not only offers a fully leased 32,239 SF three-story office building, but also boasts a compelling development opportunity with its 1.954 acres along Ash Creek and approved plans for an adjacent 20-unit apartment building. The property demonstrates a solid investment with a 2024 Projected Annualized Net Operating Income (NOI) of $547,259 and a Cap Rate of 6.08%.
In a Designed Commercial District (DCD) Zone, One Post Road enjoys 383 linear feet of frontage on Post Road, ensuring high visibility. The office structure is enhanced by a scenic boardwalk overlooking Ash Creek, modern glass double entrance doors, recessed lighting, and upscale finishes that include rich wood moldings and marble floors. Significant updates include a renovated elevator system in 2020, transition to gas heating with a new gas furnace, and the installation of a new roof. Accessibility is a priority with handicapped access and ample parking available, featuring 121 paved spaces.
Current tenants of the office building comprise a diverse mix of reputable businesses, including Beers, Hammerman, Cohen & Burger PC; Columbia Mental Health; Old Republic National Title Insurance Co.; Lindenmeyr Central; Regenerating Solutions; Ferrara Law Group, PC; and Yellow Brick Real Estate, adding value to this investment.
Situated within a short walk to a variety of amenities such as restaurants, banks, hotels, shopping, and public transportation, One Post Road's location is unparalleled. It is conveniently located steps from a Coastal Link Bus Stop and less than one mile from I-95 (Exit 23) and the Fairfield Metro Train Station. It is near Whole Foods, CVS, Home Depot, the Edge Fitness Club, Stop & Shop, Staples, Verizon, Marshalls, Dunkin', the Circle Hotel, UPS, and the new RH Outlet. Proximity to Fairfield University, with over 6,000 students and employees, is advantageous for businesses, offering access to a pool of skilled and educated workers.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
In a Designed Commercial District (DCD) Zone, One Post Road enjoys 383 linear feet of frontage on Post Road, ensuring high visibility. The office structure is enhanced by a scenic boardwalk overlooking Ash Creek, modern glass double entrance doors, recessed lighting, and upscale finishes that include rich wood moldings and marble floors. Significant updates include a renovated elevator system in 2020, transition to gas heating with a new gas furnace, and the installation of a new roof. Accessibility is a priority with handicapped access and ample parking available, featuring 121 paved spaces.
Current tenants of the office building comprise a diverse mix of reputable businesses, including Beers, Hammerman, Cohen & Burger PC; Columbia Mental Health; Old Republic National Title Insurance Co.; Lindenmeyr Central; Regenerating Solutions; Ferrara Law Group, PC; and Yellow Brick Real Estate, adding value to this investment.
Situated within a short walk to a variety of amenities such as restaurants, banks, hotels, shopping, and public transportation, One Post Road's location is unparalleled. It is conveniently located steps from a Coastal Link Bus Stop and less than one mile from I-95 (Exit 23) and the Fairfield Metro Train Station. It is near Whole Foods, CVS, Home Depot, the Edge Fitness Club, Stop & Shop, Staples, Verizon, Marshalls, Dunkin', the Circle Hotel, UPS, and the new RH Outlet. Proximity to Fairfield University, with over 6,000 students and employees, is advantageous for businesses, offering access to a pool of skilled and educated workers.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 3
- Lot Size (sq. ft)
- 84,506 SF
Highlights
- Premier Waterfront Development: Prime waterfront property with approval for a 20-unit apartment building, offering a rare development opportunity.
- Fully Leased Office Building: 32,239 SF three-story office building with high-end finishes and a boardwalk overlooking Ash Creek.
- Excellent Visibility: 383 linear feet of frontage on Post Road, ensuring great exposure for businesses.
- Modern Upgrades: Updated elevator system, new gas furnace, and a new roof installed in 2020.
- Abundant Parking: 121 paved parking spaces available for tenants and visitors.
- Convenient Location: Close to restaurants, shopping, public transportation, and major retailers like Whole Foods and Home Depot.
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