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    20 Commerce Park Milford, CT 06460

    Sponsored
    For Lease
    $25 SF/Yr

    75,000 SF Medical Office Suites Available

    Lot size:
    75,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 75,000 square foot medical office park in Milford, Connecticut, presents a unique investment opportunity. Located at 20 Commerce Park, this five-building complex sits on a 7.57-acre lot and offers multiple suites ranging from 2,500 to 5,278 contiguous square feet. Currently, 16,946 square feet are available for lease. The property boasts a convenient location, easily accessible from I-95 and the Merritt Parkway, with high visibility on Cherry Street (12,300 vehicles per day) and proximity to Milford Hospital. Built in 1973 and extensively renovated in 2016, the property features upgraded windows and facades, expanded parking (5 spaces per 1000 square feet), and is zoned CDD1. The property benefits from a multi-year capital improvement program. Lease rates are $25 per square foot, plus electricity, with generous tenant improvement packages available. This prime location and modern amenities make this an ideal space for medical practices seeking a high-profile presence in a thriving community. The property's multiple buildings allow for flexibility in tenant needs and sizes.

    Property Features for 20 Commerce Park

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,000 SF
    Total Rate
    156250

    Building Details

    Year Built/Renovated
    1973/2016
    Buildings
    5

    Unit(s) available at that property

    Space
    Bldg 60 2nd FL - 5,278 SF
    Size
    5,278 SF
    Rate per SF
    $25
    Space
    Bldg 60 - 1st FL 2,500 SF
    Size
    2,500 SF
    Rate per SF
    $25
    Space
    Bldg 60: 1st FL - 2,500 Bench Lab space
    Size
    2,500 SF
    Rate per SF
    $25

    HighLights

    • Medical office space available for lease.
    • 2,500 to 5,278 square feet of contiguous space.
    • Capital improvements underway, including expanded parking, window/facade upgrades, and tenant improvements.
    • 7.57‑acre site.
    • 5 parking spaces per 1,000 square feet.
    • CDD1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Ari Pollack Internist Fischer Paul D ... Plastic Surgeon Polished Cement Solution ... Flooring Store Gruskay Frank MD Pediatrician Danielle Izzo, APRN Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.047311080992
    Latitude
    41.229450217362

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    FAQs

    What type of property is this?
    Medical office - 75,000 SF Medical Office Suites Available
    Where is this medical office located?
    The property is located at 20 Commerce Park Milford, CT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Medical office space available for lease.; 2,500 to 5,278 square feet of contiguous space.; Capital improvements underway, including expanded parking, window/facade upgrades, and tenant improvements.
    Request Owner's contact information
    20 Commerce Park Milford, CT 06460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Commerce Park Milford, CT 06460
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