Office Building with Medical
161 East Ave, Norwalk, CT 06851
For Sale
New
Contact for pricing
Medical tenants occupy a significant share of the building, alongside leases with lengthy average terms.
Property Size35,048 SF
Days on Market4
Property Features for 161 East Ave
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE | Midtown Manhattan
(212) 984-8000
Listed By:
Louis Zuckerman
(203) 352-8907
Source:
Moodyscre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:10PM
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 | Midtown Manhattan
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Investment Insights
Based on property information with market context.
This 35,048-square-foot office building has a substantial medical component. Approximately 47% of the property is medical, and the rent roll includes leases with long average terms. The property is described as well maintained, with no deferred capital maintenance needs identified.
The building is directly off I-95 and one exit from the Route 7 Connector. An average lease term of 14 years applies to 57% of the rent roll; the medical portion has an average lease term of more than 14 years and a WALT exceeding 6 years.
The building is directly off I-95 and one exit from the Route 7 Connector. An average lease term of 14 years applies to 57% of the rent roll; the medical portion has an average lease term of more than 14 years and a WALT exceeding 6 years.
Key Highlights
- 35,048‑square‑foot office building
- 57% of the rent roll has an average lease term of 14 years
- 47%+/- of the property is medical, with an average lease term of 14+ years and WALT of 6+
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,488
Businesses Nearby
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Business Placement
Demographics for 06851, CT
28,254
Population
12,142
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,669
Density / Sq Mi
$106,978
Median Household Income
$55,838
Median Earnings
$2,009
Median Rent
$565,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Fairfield County, CT
Properties on Market for Office buildings in Fairfield County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Medical tenants occupy a significant share of the building, alongside leases with lengthy average terms.
Where is this office building located?
The property is located at 161 East Ave Norwalk, CT.
What are key features of this property?
This property features: 35,048‑square‑foot office building; 57% of the rent roll has an average lease term of 14 years; 47%+/- of the property is medical, with an average lease term of 14+ years and WALT of 6+
