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Two-Building Office Portfolio
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285 Riverside Ave, Westport, CT 06880

96% leased Class A+ office portfolio with 5.3-year WALT across two buildings on the Saugatuck River.

Property Size94,647 SF
Days on Market121

Property Features for 285 Riverside Ave

General Information

Standard status Active
Size 94,647 SF
Class A+
Property subtype Office
Occupancy 96%

Building Details

Tenancy Multi
Listing Agency: CBRE - Dallas McKinney
Listed By: Jeffrey Dunne · License #CT REB.0750441
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 9:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Dallas McKinney

Investment Insights

Based on property information with market context.

CBRE is the exclusive advisor for the sale of a two-building, Class A+ office portfolio at 285 & 355 Riverside Avenue. The portfolio totals 94,647 square feet and is 96% leased, with a reported weighted average tenant lease (WALT) of 5.3 years.

The properties sit along the Saugatuck River and offer water views. The tenant roster is described as national and regional, and the portfolio is positioned for convenient access to Downtown Westport amenities.

This is a two-building office investment opportunity presented for sale. Please note the transaction was not structured for co-brokerage, and the principal will be responsible for your fee.

Key Highlights

  • Class A+ two‑building office portfolio totaling 94,647 SF at 285 & 355 Riverside Avenue
  • 96% leased with national and regional tenants
  • 5.3‑year WALT across the portfolio

Property Analytics

Current Use

Zenabi (Bike/Boat/Book/etc) Store Balance Point Capital ... Financial Advisor Richard Cacciapaglia - RBC ... Financial Advisor Sterling Investment Partners Bank Gerald Maisner - RBC ... Financial Advisor

Suggested Use

Top Pick Pharmacy Parking Lot & Garage Auto Parts Store Pet Grooming Service Storage Facility Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

96%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,035
Businesses Nearby

Demographics for 06880, CT

27,233
Population
10,348
Households
2.6
Avg Household Size
45
Median Age
78%
College-Educated
98%
High-School Grad
20.0 sq mi
ZIP Area
1,362
Density / Sq Mi
$250,001
Median Household Income
$105,703
Median Earnings
$2,369
Median Rent
$1,244,200
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 96% leased Class A+ office portfolio with 5.3-year WALT across two buildings on the Saugatuck River.
Where is this office building located?
The property is located at 285 Riverside Ave Westport, CT.
What are key features of this property?
This property features: Class A+ two‑building office portfolio totaling 94,647 SF at 285 & 355 Riverside Avenue; 96% leased with national and regional tenants; 5.3‑year WALT across the portfolio
(201) 712-5841 Call to check price and availability
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