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2 Ivy Brook Rd
Shelton, CT 06484
Office Property For Sale

Investment Highlights

  • Institutional-grade tenancy: Three of Connecticut's most creditworthy health systems
  • Tenant stickiness: Medical build-outs are expensive to replicate, driving low turnover
  • Strategic location: Direct proximity to Griffin Hospital, Yale New Haven Hospital, Bridgeport Hospital, Milford Hospital
  • Recession-resistant asset class: Healthcare tenants maintain operations regardless of economic cycle
  • Value-add upside: Remaining vacancy provides value-add opportunity

Executive Summary

Ivy Brook Medical Center is a rare opportunity to acquire a performing asset with a value-add opportunity. Situated in Fairfield County and within close proximity to 6 major medical institutions, this property includes CT's top 3 Anchor tenants (Griffin Hospital, Yale New Haven Health and Hartford Healthcare).
ANCHOR TENANTS
GRIFFIN HOSPITAL
Griffin Hospital is a 160-bed, not-for-profit acute care hospital in Derby, CT and one of the state's most recognized community hospitals for patient-centered care. Consistently ranked among Connecticut's top hospitals for patient satisfaction, Griffin has earned national recognition including 15 consecutive years on Fortune's "100 Best Companies to Work For" list. As a member of the Yale New Haven Health system, Griffin benefits from the resources, referral network, and capital backing of one of the Northeast's preeminent academic health systems.
YALE NEW HAVEN HEALTH
Yale New Haven Health (YNHHS) is Connecticut's largest and most comprehensive health system, comprising six hospitals — including Yale New Haven Hospital, Bridgeport Hospital, Greenwich Hospital, Lawrence + Memorial Hospital, Westerly Hospital, and Northeast Medical Group — along with hundreds of outpatient locations across the region. The system's presence at Ivy Brook Medical reflects its continued strategic investment in expanding high-quality outpatient services across Fairfield and New Haven counties, driving patient volume and long-term tenancy stability.
HARTFORD HEALTHCARE
Hartford HealthCare is one of Connecticut's two largest integrated health systems, operating seven hospitals and more than 400 care locations statewide, including Hartford Hospital, the Hospital of Central Connecticut, MidState Medical Center, and St. Vincent's Medical Center. With over 37,000 employees and an expansive employed physician model, Hartford HealthCare has aggressively expanded its outpatient footprint across the state — making multi-site medical office tenancies a core component of its growth strategy.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
40,000 SF
Building Class
B
Year Built
2007
Price
$10,886,042 CAD
Price Per SF
$272.15 CAD
Cap Rate
7.34%
NOI
$799,348 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,000 SF
Building FAR
0.07
Lot Size
13.62 AC
Zoning
PDD1 - Planned Development District
Parking
248 Spaces (5 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Day Care
  • Property Manager on Site
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
SHEL-000079-000000-000001
Land Assessment
$900,778 CAD
Improvements Assessment
$2,763,738 CAD
Total Assessment
$3,664,516 CAD
  • Listing ID: 40615369

  • Date on Market: 2026-05-21

  • Last Updated:

  • Address: 2 Ivy Brook Rd, Shelton, CT 06484

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