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Property profile & analytics
FOR LEASE
Industrial land

215 Elm St Old Saybrook, CT 06475

17 ac lot
Entity Owned 7-yr Hold Free & Clear
Property ID
US15-1249319
Property summary
AI-generated overview

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 profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 17 ac (740,520 SF)
Zoning code I1
APN OSAY M:038 B:002 L:
UPID US15-1249319
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Connecticut GI Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
215 Elm LLC · 7 yrs held
215 Elm LLC
since 2019
4 recorded transactions
2019
$300,000
2005
$325,000
2003
$327,000
2002
$345,000
Zoning & alternative use
I1 · Old Saybrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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