51 Sherman Hill Rd Woodbury, CT 06798

Property Details for 51 Sherman Hill Rd

Year built

1987

Construction

FRAME

Property size

2,612 SF

Zone code

MQ-A

Property type

Office Properties & Spaces

APN

WOOD M:102 B:029-A101

APU

WOODM102B029A101

Description

This exceptional investment opportunity presents a three-unit commercial condo located within the prestigious Cornerstone Professional Office Park in Woodbury, CT. The property, totaling 2,176 square feet, boasts a highly visible and easily accessible location within a contemporary complex of four buildings. Each building offers ample open parking, shared restrooms, and convenient elevator access. This specific condo unit features a shared entry corridor, with Unit C offering multiple entry/exit points. The sale includes all three units and cannot be divided. Unit A comprises 552 square feet, including a reception area, two offices, and one bathroom, currently leased for $1025 per month. Unit B offers 841 square feet, featuring a reception area, two offices, a kitchenette, a large storage closet, and one bathroom, currently leased for $1325 per month. Finally, Unit C, at 672 square feet, includes one office, a large open room, one bathroom, and has been recently remodeled, including new windows and a separate back entrance. It is currently leased for $1100 per month. All leases include heat, air conditioning, and water. Leases are subject to a $100 annual rent increase. The property's HOA fees are $868 per month, and Eversource utilities averaged $491 monthly in 2022. The property also benefits from a newer heat pump unit and some newer windows. This is a turnkey investment opportunity with stable, long-term tenants and strong rental income.