Value-Add | Meriden Executive Park
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Value-Add | Meriden Executive Park 2 Biens de bureau Vente aux enchères en ligne Meriden, CT
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Rare opportunity to acquire the Meriden Executive Park, an institutionally owned, two-building investment in central Connecticut.
- Offering ideal commutes to Connecticut’s key business and innovation centers Hartford and New Haven in under 25 minutes.
- Presently occupied by a dynamic and synergistic tenant mix, investors have the chance to add value via leasing up vacancies.
- Conveniently located with immediate access to Interstate 91 and just minutes from Interstates 84, 691, and Merritt Parkway.
- Situated just minutes from conveniences like Stop & Shop, Dunkin’, Wendy’s, McDonald’s, Subway, Lowe’s, and several local spots.
- Meriden is an impressive community with lofty household incomes of $110,740 within 1 mile of the assets.
RÉSUMÉ ANALYTIQUE
Positioned between New Haven and Hartford, this asset presents an institutional quality opportunity for investors.
Meriden Executive Park, located at 530 and 538 Preston Avenue, comprises a two-building office portfolio offering a combined 152,807 square feet of quality office space in a park-like setting. 530 Preston Avenue, built in 1986 and renovated in 2008, is a three-story building totaling 78,430 square feet with 10 tenant suites and current occupancy at 33.4%. 538 Preston Avenue, built in 1989 and also renovated in 2008, spans 74,377 square feet over three stories, with 11 tenant suites and 44.0% occupancy. The portfolio features efficient 26,000-square-foot floorplates with a center-core layout ideal for multi-tenant configurations. Amenities include a generous parking ratio of 4.63 spaces per 1,000 square feet, a renovated two-story lobby, shower facilities, picnic areas, jogging paths, and expansive windows that flood the office spaces with natural light. The buildings' clean, modern façade and tranquil surroundings make this an attractive option for both tenants and investors.
Meriden is a premier investment destination, driven by its strategic central Connecticut location. Meriden Executive Park enjoys immediate access to Interstate 91 via Exit 19, with additional connectivity provided by Interstates 84, 691, and the Merritt Parkway. This prime location offers seamless access to both Hartford to the north and New Haven to the south. Tenants benefit from a wide range of nearby amenities, including a mix of local and national retailers, dining options, and services. The suburban location is surrounded by a robust population of mostly owner-occupied households indicating a strong community presence.
Meriden’s appeal is strengthened by its strategic location near two major metropolitan areas. New Haven, home to Yale University, boasts a robust healthcare and biotech industry that drives economic growth. Hartford is a leading center for insurance and finance, supported by a significant government presence, making it a stable and diverse economic hub.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of Record: Steve Simonelli, CT License #RES.0832336
Meriden Executive Park, located at 530 and 538 Preston Avenue, comprises a two-building office portfolio offering a combined 152,807 square feet of quality office space in a park-like setting. 530 Preston Avenue, built in 1986 and renovated in 2008, is a three-story building totaling 78,430 square feet with 10 tenant suites and current occupancy at 33.4%. 538 Preston Avenue, built in 1989 and also renovated in 2008, spans 74,377 square feet over three stories, with 11 tenant suites and 44.0% occupancy. The portfolio features efficient 26,000-square-foot floorplates with a center-core layout ideal for multi-tenant configurations. Amenities include a generous parking ratio of 4.63 spaces per 1,000 square feet, a renovated two-story lobby, shower facilities, picnic areas, jogging paths, and expansive windows that flood the office spaces with natural light. The buildings' clean, modern façade and tranquil surroundings make this an attractive option for both tenants and investors.
Meriden is a premier investment destination, driven by its strategic central Connecticut location. Meriden Executive Park enjoys immediate access to Interstate 91 via Exit 19, with additional connectivity provided by Interstates 84, 691, and the Merritt Parkway. This prime location offers seamless access to both Hartford to the north and New Haven to the south. Tenants benefit from a wide range of nearby amenities, including a mix of local and national retailers, dining options, and services. The suburban location is surrounded by a robust population of mostly owner-occupied households indicating a strong community presence.
Meriden’s appeal is strengthened by its strategic location near two major metropolitan areas. New Haven, home to Yale University, boasts a robust healthcare and biotech industry that drives economic growth. Hartford is a leading center for insurance and finance, supported by a significant government presence, making it a stable and diverse economic hub.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of Record: Steve Simonelli, CT License #RES.0832336
VISITES 3D MATTERPORT
Building 1Third Floor Office Matterport Tour
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DATA ROOM Cliquez ici pour accéder à
- Purchase Agreement
- Operating and Financials
- BOMA Area Calculations
- Title and Insurance
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
| Condition de vente | Vente aux enchères | Nb de biens | 2 |
| Type de propriété | Pleine propriété | Surface totale de l’immeuble | 14 196 m² |
| Type de vente | Investissement | Surface totale du terrain | 6,99 ha |
| Statut | Actif |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Surface totale de l’immeuble | 14 196 m² |
| Surface totale du terrain | 6,99 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION |
|---|---|---|---|
|
Meriden Executive Park Building 1
530 Preston Ave, Meriden, CT 06450 |
Bureau | 7 286 m² | 1986 |
|
Meriden Executive Park Bldg 2
538 Preston Ave, Meriden, CT 06450 |
Bureau | 6 910 m² | 1989 |
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CONSEILLERS EN VENTE
CONSEILLERS EN VENTE
Jose Cruz, Senior Managing Director, Capital Markets
Jose is a Senior Managing Director based in the New Jersey office of JLL Capital Markets, Americas. His stellar expertise spans across all property types within the realm of investment sales. Being at the forefront of the industry, he dynamically navigates the complexities and nuances of commercial real estate investment sales, effectively catering to the unique needs of each client while maximizing their returns.
Experience
With a robust journey of over 25 years and $63 billion in volume in the commercial real estate industry, Jose's experience stands as a testament to his proven track record and deep industry insight. Throughout his career, his strategic approach and dedication have contributed significantly to the growth of businesses, solidifying his prominence within the industry. His remarkable expertise coupled with his extensive industry experience positions him as a reliable force in JLL Capital Markets, adept at driving superior investment outcomes.
Experience
With a robust journey of over 25 years and $63 billion in volume in the commercial real estate industry, Jose's experience stands as a testament to his proven track record and deep industry insight. Throughout his career, his strategic approach and dedication have contributed significantly to the growth of businesses, solidifying his prominence within the industry. His remarkable expertise coupled with his extensive industry experience positions him as a reliable force in JLL Capital Markets, adept at driving superior investment outcomes.
Jeremy Neuer, Senior Managing Director, Investment Sales
Jeremy Neuer est directeur général principal de l'équipe Suburban Tri-State Capital Markets de JLL, où il se concentre sur les immeubles de bureaux sur les marchés du New Jersey, de l'État de New York et du Connecticut. Il a rejoint JLL en octobre 2022.
Après une carrière de 18 ans dans le crédit-bail, il est passé à la vente d'investissements en 2017 afin de tirer parti de son expérience unique en matière de lieu de travail et de la façon dont les bâtiments doivent évoluer pour répondre aux besoins des occupants modernes. Son succès dans le crédit-bail, tant du côté du locataire que du propriétaire, lui donne une perspective distincte pour augmenter la valeur des actifs et fournir des conseils complets aux propriétaires et aux investisseurs.
Il a participé à certaines des ventes les plus prolifiques du New Jersey, notamment :
- Park Avenue dans le comté de Morris, Florham Park - 311 000 000$
- Continental Plaza, sac à dos - 123 000 000 dollars
- Park 80 West, Saddle Brook - 115 500 000 dollars
- American Metro Center, Hamilton - 84 700 000 dollars
Il est également considéré comme un leader d'opinion dans le domaine de la technologie CRE et a agi en tant qu'investisseur providentiel auprès de plusieurs startups technologiques bien connues.
Après une carrière de 18 ans dans le crédit-bail, il est passé à la vente d'investissements en 2017 afin de tirer parti de son expérience unique en matière de lieu de travail et de la façon dont les bâtiments doivent évoluer pour répondre aux besoins des occupants modernes. Son succès dans le crédit-bail, tant du côté du locataire que du propriétaire, lui donne une perspective distincte pour augmenter la valeur des actifs et fournir des conseils complets aux propriétaires et aux investisseurs.
Il a participé à certaines des ventes les plus prolifiques du New Jersey, notamment :
- Park Avenue dans le comté de Morris, Florham Park - 311 000 000$
- Continental Plaza, sac à dos - 123 000 000 dollars
- Park 80 West, Saddle Brook - 115 500 000 dollars
- American Metro Center, Hamilton - 84 700 000 dollars
Il est également considéré comme un leader d'opinion dans le domaine de la technologie CRE et a agi en tant qu'investisseur providentiel auprès de plusieurs startups technologiques bien connues.
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
Lire plus
CONTACT POUR LES ENCHÈRES
Victoria Quade
Contact
Licence du commissaire-priseur :
Ten-X, Inc. Samantha Corbat RE Brkr REB.0790949
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
Frais de transaction 3 %
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de l’enchère gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3 %)
Prix d’achat total
5 150 000 $ USD
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Value-Add | Meriden Executive Park
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