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    215 Elm St Old Saybrook, CT 06475

    For Lease
    $24 SF/Yr

    New medical office suites, I-95 access.

    Lot size:
    26,087 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional opportunity presents brand new medical and professional office space within Atlas Commons, a state-of-the-art two-building office park situated at 215 Elm Street in Old Saybrook, Connecticut. The property, completed in 2021, offers a total of 26,087 square feet of modern office space, with suites ranging from a minimum of 2,000 square feet to a maximum contiguous space of 10,606 square feet. Multiple tenancy options are available, catering to a variety of business needs. The property sits on a generous 4.7 acres of land and boasts a convenient location directly off I-95 at Exit 67, providing easy access for both employees and clients. The development is already home to established tenants, Hartford Healthcare and Connecticut GI, solidifying its position as a premier medical destination. The location offers proximity to a wealth of amenities, including shopping and dining options, enhancing the overall appeal for businesses and employees alike. Attractive tenant improvement allowances are available. The lease rate is $24.50 per square foot, NNN.

    Property Features for 215 Elm St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,087 SF
    Total Rate
    53260.96

    Building Details

    Year Built
    2021
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Building #2 - 2nd Floor
    Size
    5,303 SF
    Rate per SF
    $24
    Space
    Building #2 - 1st Floor
    Size
    5,303 SF
    Rate per SF
    $24
    Space
    Building #1 - 2nd FL
    Size
    2,000 SF
    Rate per SF
    $24

    HighLights

    • New construction medical/office building.
    • State‑of‑the‑art medical/office park in Old Saybrook.
    • Flexible suite sizes from 2,000 to 10,606 square feet.
    • Two‑building complex on a 4.7‑acre site.
    • Excellent I‑95 visibility and access at Exit 67.
    • High traffic count: 61,126 vehicles per day on I‑95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Connecticut GI Gastroenterologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Saybrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.390552749658
    Latitude
    41.298254123313

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    FAQs

    What type of property is this?
    Medical office - New medical office suites, I-95 access.
    Where is this medical office located?
    The property is located at 215 Elm St Old Saybrook, CT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: New construction medical/office building.; State-of-the-art medical/office park in Old Saybrook.; Flexible suite sizes from 2,000 to 10,606 square feet.
    Request Owner's contact information
    215 Elm St Old Saybrook, CT 06475
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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
    215 Elm St Old Saybrook, CT 06475
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