Overview
Vacant Office and Flex Asset
This three-story office and flex/R&D asset totals 311,187 square feet and features high-end finishes, surface and garage parking, and amenities such as a fitness center, full-service cafeteria, and outdoor seating. The property is set on over 40 acres of landscaped grounds with walking trails and will be delivered vacant, offering multiple paths to upside. Located in Fairfield County, Connecticut, the property benefits from Industrial Park zoning, which permits office, laboratory, and light industrial use. Reusable in-place infrastructure can accommodate a variety of tenant requirements. Interim cash flow opportunities exist via a limited-term leaseback with Duracell, which formerly operated its headquarters on site. The property is situated directly off Interstate 84, five miles from a Metro-North Railroad station, and 7.5 miles from Danbury Municipal Airport. It is approximately one hour from New York City, New Haven, and Hartford, and easily accessible to amenity corridors along Routes 6 and 7, which offer a variety of shops, restaurants, and service-oriented retailers. The surrounding area has residential population counts of 119,534, 217,952, and 881,365 people within five, ten, and twenty miles, respectively, with corresponding median household incomes of $90,287, $105,750, and $106,650.