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Westport Place 1698 Post Rd E 9,971 SF 99% Leased Office Building Westport, CT 06880 $3,363,864 CAD ($337.36 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Strong Cashflow
Executive Summary
This building is 100% leased with great investment potential for long term redevelopment. The property is uniquely positioned for both investors and developers. Located within a desireable section of Westport. Call Steve Ozyck for more details at 203-257-1519 or email steve.hgcommercial@gmail.com
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$354,607
|
$35.56
|
| Other Income |
$24,528
|
$2.46
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$379,136
|
$38.02
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$153,476
|
$15.39
|
| Net Operating Income |
$225,659
|
$22.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $354,607 |
| Annual Per SF | $35.56 |
| Other Income (CAD) | |
|---|---|
| Annual | $24,528 |
| Annual Per SF | $2.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $379,136 |
| Annual Per SF | $38.02 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $153,476 |
| Annual Per SF | $15.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $225,659 |
| Annual Per SF | $22.63 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
9,971 SF
Building Class
B
Year Built/Renovated
1979/2012
Price
$3,363,864 CAD
Price Per SF
$337.36 CAD
Cap Rate
7.50%
NOI
$252,290 CAD
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,324 SF
Slab To Slab
9’
Building FAR
0.39
Lot Size
0.58 AC
Zoning
GBD - General Business District-
Medical, Therapy, Office, Office Medical, Med- Spa Permitted
Parking
40 Spaces (4.01 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Basement
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WPOR-000009I-000000-000001 | Improvements Assessment | $1,369,265 CAD |
| Land Assessment | $704,750 CAD | Total Assessment | $2,074,015 CAD |
Property Taxes
Parcel Number
WPOR-000009I-000000-000001
Land Assessment
$704,750 CAD
Improvements Assessment
$1,369,265 CAD
Total Assessment
$2,074,015 CAD
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Westport Place | 1698 Post Rd E
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