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One Parrott Drive - Availability Details

1 Parrot Drive, Shelton, CT 06484

  • For Sale Upon Request
  • City Shelton
  • Neighborhood Corporate Center
  • Zip Code 06484
  • Market Bridgeport New Haven
  • Property Type Industrial - Flex - Industrial
  • Property Size 102,545 Sqft
  • Lot Size 7.99 Acre
  • Parking Spaces Avail. 267
  • Parking Ratio 2.60/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1976
  • Year Renovated 2002
  • Date Updated 14 Jun, 2021
  • Clear Height 1'3'' - 1'8''
  • Dock High Doors 2
  • Fire Sprinklers Other
The Property is situated just minutes from exits 11 and 12 off Route 8, which is the area’s primary north/south commutation route. It’s location directly off Shelton’s main commercial corridor, Bridgeport Avenue (Rte. 714), provides One Parrott tenants with immediate access to area amenities including banks, restaurants, shopping, and lifestyle and fitness outlets.
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Location

  • City Shelton, CT
  • Neighborhood Corporate Center
  • Zip Code 06484
  • Market Bridgeport New Haven

Contacts

broker

Sean Cahill

Avison Young

(203) 614-1264

Highlights

  • Strong in-place net operating income of approximately $505,000
  • Tremendous value add: bringing the total projected NOI to $1,080,175
  • Primarily triple-net leases with rent increases ranging from 2% to 3% annually
  • Minimal maintenance and operating overhead
  • Weighted average term of 4.43 years
  • Ample parking
  • Accessible from all points via major thoroughfares

Contact Listing Broker

broker

Sean Cahill

Avison Young

(203) 614-1264

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