Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the multi-tenant medical office in Madison, Connecticut. The building is 9,800 square feet and sits on 0.58 acres of land. It is 61% occupied by Middlesex Health System Primary Care and has 3,775 square feet of vacancy. The property is built-to-suit for medical use and provides in-place cash flow through 2024. This offering has a significant upside potential through filling the current vacancy and identifying a replacement tenant to take over once the primary tenant leaves in December of 2024. Located in the New Haven-Milford MSA, Madison Connecticut is situated in the southeastern corner of New Haven. New Haven, home to Yale University, is located adjacent to the northern shore of Long Island Sound, the New Haven metro encompasses all of New Haven County in central Connecticut. The metro has a total population of over 859,000 residents and is expected to welcome 5,100 additional citizens through 2026. New Haven is the most populous city, with 130,000 people, followed by Waterbury with 110,000. The area features some of the wealthiest communities in the country, including the cities of Cheshire and Woodbridge.