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44 Abbott Ter - Abbott Terrace Health Center 129,884 SF Health Care Building Offered at $6,602,500 CAD at a 25% Cap Rate in Waterbury, CT 06702
Executive Summary
Opportunity
Large-scale institutional asset offered below replacement cost. Existing infrastructure supports adaptive reuse across multiple sectors including healthcare, housing, and institutional use.
Property Overview
Multi-story elevator-served building with former 200+ bed configuration, commercial kitchen, and extensive mechanical systems.
Investment Highlights
Attractive basis at ~$51/SF versus replacement cost of $250–$400/SF. Large-scale asset with flexible redevelopment potential.
Large-scale institutional asset offered below replacement cost. Existing infrastructure supports adaptive reuse across multiple sectors including healthcare, housing, and institutional use.
Property Overview
Multi-story elevator-served building with former 200+ bed configuration, commercial kitchen, and extensive mechanical systems.
Investment Highlights
Attractive basis at ~$51/SF versus replacement cost of $250–$400/SF. Large-scale asset with flexible redevelopment potential.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Property Facts
| Price | $6,602,500 CAD | Lot Size | 1.95 AC |
| Price Per Bed | $32,207 CAD | Building Size | 129,884 SF |
| Sale Type | Investment or Owner User | No. Beds | 205 |
| Cap Rate | 25% | No. Stories | 4 |
| Sale Condition | REO Sale | Year Built/Renovated | 1986/1991 |
| Property Type | Health Care | Parking Ratio | 0.61/1,000 SF |
| Property Subtype | Skilled Nursing Facility | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CBD | ||
| Price | $6,602,500 CAD |
| Price Per Bed | $32,207 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 25% |
| Sale Condition | REO Sale |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 129,884 SF |
| No. Beds | 205 |
| No. Stories | 4 |
| Year Built/Renovated | 1986/1991 |
| Parking Ratio | 0.61/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CBD |
Amenities
- Wheelchair Accessible
- Backup Power / Generators
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | WATE-000275-000015-000033 | Improvements Assessment | $11,799,218 CAD |
| Land Assessment | $745,240 CAD | Total Assessment | $12,544,459 CAD |
Property Taxes
Parcel Number
WATE-000275-000015-000033
Land Assessment
$745,240 CAD
Improvements Assessment
$11,799,218 CAD
Total Assessment
$12,544,459 CAD
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44 Abbott Ter - Abbott Terrace Health Center
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