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40 Osborne Ave 5,160 SF Industrial Building Norwalk, CT 06855 $3,056,240 CAD ($592.29 CAD/SF) 6.27% Cap Rate
Investment Highlights
- Fully-leased mixed-use property in industrial zone
- 1,560sf 3-bedroom residential apartment on the 2nd floor
- 0.5 miles from I-95 and 0.25 miles to the East Norwalk Train Station
- 3,600sf industrial space including 3,000sf shop area with 15.5’ ceilings on 1st floor
- 0.3 acres with 12 parking spaces
Executive Summary
Fully-leased mixed-use property with immediate proximity to train station and highway. Located in a flourishing industrial zone with increasing nearby residential density = Investment No Brainer!
The ground floor has 3,600sf under a new 10-year lease to Palmer’s Electric, including an approximately 3,000sf shop area with 15.5’ ceilings. The second floor is a recently renovated three-bedroom apartment that has been leased to the same tenant for three years. The property consists of 0.3 acres with 12 parking spaces, and is 0.5 miles to I-95 and 0.25 miles to the East Norwalk Train Station.
The ground floor has 3,600sf under a new 10-year lease to Palmer’s Electric, including an approximately 3,000sf shop area with 15.5’ ceilings. The second floor is a recently renovated three-bedroom apartment that has been leased to the same tenant for three years. The property consists of 0.3 acres with 12 parking spaces, and is 0.5 miles to I-95 and 0.25 miles to the East Norwalk Train Station.
Property Facts
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | NORW-000003-000033-000033 | Improvements Assessment | $575,834 CAD |
| Land Assessment | $557,906 CAD | Total Assessment | $1,133,740 CAD |
Property Taxes
Parcel Number
NORW-000003-000033-000033
Land Assessment
$557,906 CAD
Improvements Assessment
$575,834 CAD
Total Assessment
$1,133,740 CAD
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40 Osborne Ave
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