2285 Reservoir Ave, Trumbull, CT 06611-4752
- Industrial properties
- 24,856 SF
- 2.79 lot acres
Current Use by Public Records
- The Learning Experience - Trumbull / Daycare Center
- Coastal Cleaning / Hardware & Home Improvement
- Abrakadoodle Art Studio For Kids, Trumbull CT / Art Studio
Property Details for 2285 Reservoir Ave
- Year built
- 1977
- Construction
- STEEL FRAME
- Lot size
- 2.79 lot acres
- Zone code
- I-L2
- Property type
- Industrial properties
- APN
- TRUM M:G-10 L:00068 U:000
- APU
- TRUMMG10L00068U000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 30, 2019 | $1,600,000 | 2285 Reservoir Ct LLC | 2m Lindeman LLC | Warranty Deed | $3.2M · Connectone Bank |
| May 23, 2014 | $3,350,000 | Senior Housing LLC | 2 M Partners LLC | Warranty Deed | — |
| Oct 3, 2011 | — | 2m Lindeman | — | Deed Of Trust · related | $1M · Rockville Bank |
| Oct 3, 2011 | $1 | 2m Lindeman | 2m Partners LLC | Grant Deed · related | — |
| Aug 15, 2002 | — | 2m Island Partners LLC | — | Deed Of Trust · related | $1M · Citizens Bank Of Ct |
| May 29, 2002 | — | 2 M Prtnrs LLC | — | Deed Of Trust · related | $2.3M · Citizens Bank Of Ct |
| Feb 24, 2000 | — | 2 M Partners LLC | — | Deed Of Trust · related | $250k · Hudson United Bank |
| Dec 28, 1999 | — | 2 M Ptnrs LLC | — | Deed Of Trust · related | $1.2M · Hudson United Bank |
| Mar 9, 1999 | $1,535,000 | 2m Ptnrs LLC | Westbull Assoc | Warranty Deed | $1.2M · Zwi Kohorn |
Description
This exceptional investment opportunity presents a 24,856 square foot, multi-tenant retail property located at 2285 Reservoir Ave, Trumbull, CT 06611, in Fairfield County. The property is currently 100% occupied, boasting a strong net operating income (NOI) of $526,732, and a compelling 7.75% cap rate. Priced at $6,800,000 ($273.58/sq ft), this net lease investment offers minimal landlord responsibilities. The property features a modified lease structure with a multi-tenant occupancy, anchored by The Learning Experience, a nationally recognized and rapidly expanding early childhood education program with over 350 locations. The lease with The Learning Experience extends until August 31, 2040, providing a substantial remaining lease term of 15.8 years. Significant improvements are planned for 2024, including a new roof installation in May, along with renovations to The Learning Experience and Abrakadoodle spaces, encompassing new plumbing and HVAC systems. Rockwell Dance Center windows will also be replaced. Situated on a 1.5-acre lot, this property benefits from its location in affluent Fairfield County, consistently ranked among the wealthiest counties in the United States and home to numerous Fortune 1000 companies. This prime location makes it exceptionally well-suited for an early childhood education provider, further enhancing the long-term value and stability of this investment.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,418,000
Market price range: $1.15M - $3.45M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,250,000 Current use
- OFFICE BUILDING
- $2,995,000 Change: +33% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,890,000 Change: +28% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Trumbull
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.1965
- Latitude
- 41.2323
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
