Stratford, CT Office Commercial Real Estate
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Price
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225 Lordship Boulevard
225 Lordship Blvd
Stratford, CT
Lot Size:2.05Acres
The Opportunity
The Self Storage Group of Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase the CubeSmart (managed) self storage property located at 225 Lordship Boulevard in Stratford, Connecticut. This newly constructed, 100% climate control facility is strategically located along the I-95 interstate highway corridor with interchange access from both directions less than .25 miles away. Over 120,000 vehicles per day pass by the Lordship Boulevard exit on I-95, while 22,000± vehicles per day pass directly in front of the property along Lordship Boulevard.
This CubeSmart facility was part of an overall redevelopment plan for the site where the former Stratford Hotel & Conference Center last operated in 2016. The developers (Empire Residential, LLC) purchased this site in late 2016 and have since converted the former 6-story hotel building into a 70-unit apartment facility (Empire 225). This luxury apartment facility, which opened in late 2019, is currently 100% leased. The redevelopment plan also included the 4-story CubeSmart self storage facility we are marketing herein as well as one or two commercial pads in front of the apartment complex. The construction of the CubeSmart facility is scheduled to be completed in early 2021 with certificate of occupancy expected in early to mid-February.
This newly built structure is a 4-story, 100% climate control facility with 914 units ranging in size from 5’x5’ to 10’x30’. In addition, outside of the building and along the south property line there are 11 parking spaces available for rent.
Not only will this new CubeSmart benefit from its excellent location just off of I-95, it will also benefit from the limited amount of self storage competition within a 3-miles radius. We calculate the 3-mile saturation to be 3.73 square feet per capita for exiting self storage space. This number increases slightly to 4.47 square feet per capita when accounting for proposed subject facility as well as others in the development pipeline. More importantly, Radius indicates there is a limited supply of existing climate control space within 3 miles of the subject (only .5 square feet per capita).
This asset is being offered for $17,950,000, which indicates a 6.58% cap rate based upon a stabilized NOI projection of $1,181,161. Ultimately, the purchaser of this CubeSmart will be acquiring a brand new, institutional quality asset that will compete very well in its market, especially considering the limited supply of competing self storage space.
Sale:
$31,724
$31,724
2.05Acres
35 & 45 Mayfair Pl
Stratford, CT
Building Size:16,000SF
Sale:
$1,698,000
$1,698,000
16,000SF
6580 Main St
Stratford, CT
Location strong for commuters. Supporting amenities on site Elevator. Spaces have separate gas and electric meter.
Lease:
$6,402/month
$6,402/month
3,492 SF
2909 Main St
Stratford, CT
Building Size:21,462SF
Three story modern medical building comprised of 21,462 total square feet on 1.04 acres of land. Easy access from I-95 exit 32 and within seven minutes to Merritt Parkway. Located on a bus route and within walking distance to restaurants, banking and the train station.
Sale:
$4,790,000
Lease:
$24,744/month
$4,790,000
Lease:
$24,744/month
14,485 SF
999 Oronoque Ln
Stratford, CT
Location strong for commuters. 3/1000 parking. Building upgrades are in process.
Lease:
$1,365 -
$28,240/month
$1,365 -
$28,240/month
910 SF -
18,827 SF
18,827 SF
500 Ferry Blvd
Stratford, CT
Building Size:2,619SF
More info
2,619SF
88 Ryders Ln
Stratford, CT
4 way exchange to Merritt Parkway within view. Expanding Walk ways.
Lease:
$1,293 -
$10,605/month
$1,293 -
$10,605/month
862 SF -
3,492 SF
3,492 SF
1345 Barnum Ave
Stratford, CT
Located on busy Barnum Avenue (US-1) with great visibility and traffic counts. Located at traffic light adjacent to CVS.
More info
1,200 SF
305 Boston Avenue
305 Boston Ave
Stratford, CT
Lot Size:0.98Acres
Sale:
$1,650,000
$1,650,000
0.98Acres
2595 Main St
Stratford, CT
Building Size:7,551SF
Sale:
$949,500
$949,500
7,551SF
919 Stratford Avenue
919 Stratford Ave
Stratford, CT
Building Size:1,368SF
LOVELY FIRST FLOOR UNIT WITH PRIVATE BATHROOM, FONT AND REAR DOORS LEAD TO TWO PARKING AREAS
Sale:
$50,000
Lease:
$700/month
$50,000
Lease:
$700/month
684 SF
125 Masarik Ave
Stratford, CT
Exterior facade is brand new, roof replaced in 2008. Gas heat, city sewer, city water. 14’ clear in shop, no columns, clear span, concrete floor. 400 amps, 3 phase, 4 wire, 120/208 volt
Sale:
$690,000
Lease:
More info
$690,000
Lease:
More info
6,000 SF
60 Watson Boulevard
60 Watson Blvd
Stratford, CT
Ideal for technical assembly, distribution, and production.
Lease:
$9,000/month
$9,000/month
18,000 SF
53 Hancock Street
53 Hancock St
Stratford, CT
Lease:
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40 Mead Street
40 Mead St
Stratford, CT
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640 Access Road
640 Access Rd
Stratford, CT
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187 Ferry Boulevard
187 Ferry Blvd
Stratford, CT
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3191 Broadbridge Avenue
3191 Broadbridge Ave
Stratford, CT
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1110 Broadbridge Avenue
1110 Broadbridge Ave
Stratford, CT
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2366 Main Street
2366 Main St
Stratford, CT
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3303 Main Street
3303 Main St
Stratford, CT
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99 Hawley Lane
99 Hawley Ln
Stratford, CT
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800 Barnum Avenue Cutoff
Stratford, CT
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1465 Barnum Avenue
1465 Barnum Ave
Stratford, CT
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2268 Main Street
2268 Main St
Stratford, CT
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810 Access Road
810 Access Rd
Stratford, CT
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25 Sherman Street
25 Sherman St
Stratford, CT
Lot Size:0.38Acres
Sale:
$649,000
$649,000
0.38Acres
1796 Barnum Avenue
Stratford, CT
More info
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937 Stratford Avenue
937 Stratford Ave
Stratford, CT
Sale:
$54,000
$54,000
More info
80 Ferry Boulevard
80 Ferry Blvd
Stratford, CT
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300 Long Beach Boulevard
300 Long Beach Blvd
Stratford, CT
More info
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2900 Main Street
2900 Main St
Stratford, CT
Lease:
More info
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120 Dodge Avenue
120 Dodge Ave
Stratford, CT
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95 Armory Road
95 Armory Rd
Stratford, CT
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724 Honeyspot Road
724 Honeyspot Rd
Stratford, CT
Lease:
More info
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3115 Main Street
3115 Main St
Stratford, CT
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11 Woodend Road
11 Woodend Rd
Stratford, CT
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541 Honeyspot Road
541 Honeyspot Rd
Stratford, CT
Lot Size:0.73Acres
Sale:
$750,000
$750,000
0.73Acres
611 Access Road
611 Access Rd
Stratford, CT
More info
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427 Honeyspot Road
427 Honeyspot Rd
Stratford, CT
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595 Hollister Street
595 Hollister St
Stratford, CT
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Market Stats
Stratford has 98 commercial real estate spaces for lease, representing 1,740,350 sqft space. 57 buildings are available for sale.
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