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Westport Place 1698 Post Rd E 9,971 SF 99% Leased Office Building Westport, CT 06880 $3,009,419 CAD ($301.82 CAD/SF) 7.49% Cap Rate
Investment Highlights
- Strong Cashflow
Executive Summary
This building is 100% leased with great investment potential for long term redevelopment.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$354,132
|
$35.52
|
| Other Income |
$24,495
|
$2.46
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$378,627
|
$37.97
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$153,270
|
$15.37
|
| Net Operating Income |
$225,357
|
$22.60
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $354,132 |
| Annual Per SF | $35.52 |
| Other Income (CAD) | |
|---|---|
| Annual | $24,495 |
| Annual Per SF | $2.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $378,627 |
| Annual Per SF | $37.97 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $153,270 |
| Annual Per SF | $15.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $225,357 |
| Annual Per SF | $22.60 |
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
$3,009,419 CAD
Price Per SF
$301.82 CAD
Cap Rate
7.49%
NOI
$225,357 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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 2A
- -
- -
- -
- -
- -
- 3A
- -
- -
- -
- -
- -
- Cyduct Diagnostics, Inc
- Manufacturing
- -
- -
- -
- -
- Dr. Cohen
- Health Care and Social Assistance
- -
- -
- Modified Gross
- Jul 2020
- Here & Now Counseling & Consulting, PLLC
- Health Care and Social Assistance
- -
- -
- -
- -
- Mat Realty, Inc.
- Real Estate
- -
- -
- -
- -
- National Builders Inc
- Construction
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 2A | - | - | - | - | - | |
| 3A | - | - | - | - | - | |
| Cyduct Diagnostics, Inc | Manufacturing | - | - | - | - | |
| Dr. Cohen | Health Care and Social Assistance | - | - | Modified Gross | Jul 2020 | |
| Here & Now Counseling & Consulting, PLLC | Health Care and Social Assistance | - | - | - | - | |
| Mat Realty, Inc. | Real Estate | - | - | - | - | |
| National Builders Inc | Construction | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Office space on the first floor available.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 144 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 144 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 144 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Office space on the first floor available.
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 | $1,361,901 CAD |
| Land Assessment | $700,960 CAD | Total Assessment | $2,062,861 CAD |
Property Taxes
Parcel Number
WPOR-000009I-000000-000001
Land Assessment
$700,960 CAD
Improvements Assessment
$1,361,901 CAD
Total Assessment
$2,062,861 CAD
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Westport Place | 1698 Post Rd E
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