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385 Main Street
West Haven, CT 06516
Asking Price
$925K
Cap Rate
9%
Asset Type
Medical Office Office
Class
Class B
What's Special
This property is owner/user at the moment with one additional tenant in place. <ul><li>Opportunity to lease-up vacant professional suites</li><li>Potential to increase rents to market medical office levels</li><li>Ideal for an owner-user seeking additional rental income</li><li>Opportunity to reposition the property as a dedicated medical professional center</li><li>Upside potential with projected stabilized value of approximately $1.3M+</li><li>Excellent fit for a business owner looking to occupy and utilize the entire building</li></ul>
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NOI
$80,000
Cap Rate
8.65%
DSCR
1.46
Strong
Cash-on-Cash
9.04%
Monthly Payment
$4,576.395
Annual Cash Flow
$25,083.256
