Neighbor News
Investment Opportunity: Two Adjacent Office Buildings for Sale
Investment Opportunity: Two Adjacent Office Buildings on 2.3 Acres for Sale in Prime Downtown Bridgeport Location in a Designated Opportunit
Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to offer The Legal Center at 1057-1087 Broad Street in Bridgeport, CT, for sale at $7,100,000. This is an investment opportunity that consists of two adjacent office buildings on 2.34 acres in a prime Downtown Bridgeport location.
In a Designated Opportunity Zone, the Legal Center consists of two adjacent office buildings that provide 82,260 SF of space on 2.34 acres including a private pay gated parking lot. The 2020 Net Operating Income was $566,044 and the cap rate is 7.97%.
With 275 linear feet of frontage on Broad Street, the properties span an entire city block from John Street to Cannon Street. 1057 Broad Street is a 36,432 SF four-story office building with 4,734 RSF available for lease. 1087 Broad Street is a 45,828 SF four-story brick office building with 1,050 RSF available for lease. Both buildings feature central air conditioning, a wet sprinkler system, common restrooms, a security surveillance camera system, and an elevator.
Find out what's happening in Fairfieldfor free with the latest updates from Patch.
The Legal Center is conveniently located within walking distance (0.2 miles) from the Bridgeport Train Station and a Greater Bridgeport Transit Bus Stop, and 0.7 miles from I-95 (Exit 27). It is in close proximity to the courthouses and near a brand-new amphitheater, arena, ferry, restaurants, banks, and shopping.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
