Besen Partners, as exclusive agent for ownership, is pleased to offer for sale 258 Elm Street, a three-story 29,500 square foot boutique office building located in New Canaan, Connecticut.
The offering represents an opportunity to acquire a fully stabilized, core investment delivered with a new 10-year lease to a credit tenant with annual escalations. Newly renovated with over $4 million worth of capital improvements, the Property has just been upgraded. It is a turnkey asset that requires little management, making it ideal for a passive investor seeking stability with steady, incremental growth.
The Property is conveniently situated within walking distance to the Metro North train station just down the block, along with area shops and restaurants. It is 100% leased to Bankwell Financial Group, Inc. (BWFG: Nasdaq), a publicly-traded regional bank that provides banking and lending services to businesses and residents throughout Connecticut. The concrete and glass building was originally constructed in 1983 and has just undergone a comprehensive $4+ million capital improvement program.View Offering