Merritt on the River

Off-Market

20 Glover Avenue, Norwalk, CT 06850

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Creative Office
  • Property Size 244,800 SF
  • Lot Size 3.28 Acre
  • Parking Spaces Avail. 731
  • Parking Ratio 2.99 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1920

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 15 Jun, 1999
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Norwalk

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Norwalk Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $36.14
  • 2021 Office Vacancy Rate 17.77%
  • 2021 Office Completions (SF)
View more Norwalk market trends

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable
  • Transit Score ®

    34/100 Some Transit
  • Bike Score ®

    19/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Norwalk, CT
  • Neighborhood North Norwalk
  • Zip Code 06850
  • Market Bridgeport New Haven

Points of Interest

  • Merritt 7

    0.16 miles

  • East Norwalk

    3.03 miles

  • South Norwalk

    3.37 miles

  • Westport

    3.42 miles

  • Wilton

    3.58 miles

  • New Canaan

    3.59 miles

  • Talmadge Hill

    4.15 miles

  • Rowayton

    4.68 miles

  • Cannondale

    5.04 miles

  • Darien

    5.18 miles

  • Shell

    1.07 miles

  • Cranbury Service Station

    1.71 miles

  • Mobil

    2.40 miles

  • Citgo

    2.97 miles

  • Shell

    2.98 miles

  • Shell

    2.99 miles

  • Mobil

    3.35 miles

  • MobiMart

    3.40 miles

  • Shell

    3.68 miles

  • Mobil Weston Service Station

    4.67 miles

  • Courthouse Employee Parking

    1.93 miles

  • Ambulance Parking

    2.25 miles

  • Handicapped Parking

    2.43 miles

  • Government Vehicles Only

    2.52 miles

  • Westport Train Station Lot 1

    3.30 miles

  • Westport Train Station Lot 2

    3.35 miles

  • South Norwalk Station Parking Garage

    3.39 miles

  • Westport Train Station Lot 3

    3.41 miles

  • Lower Jesup Green Parking Lot

    3.43 miles

  • Upper Library / Levitt Parking Lot

    3.48 miles

  • Extended Stay America - Norwalk - Stamford

    0.14 miles

  • EVEN Hotel Norwalk, an IHG Hotel

    0.20 miles

  • Hotel Zero Degrees Norwalk

    0.35 miles

  • Courtyard by Marriott Norwalk

    0.60 miles

  • Hilton Garden Inn Norwalk

    0.88 miles

  • The Guest House at Norwalk Inn

    2.16 miles

  • Norwalk Inn and Conference Center

    2.19 miles

  • Garden Park Motel

    2.20 miles

  • Norwalk-Westport Motel

    2.25 miles

  • Econo Lodge Norwalk

    2.40 miles

  • Merrittview Deli

    0.41 miles

  • McDonald's

    0.47 miles

  • Panera Bread

    1.09 miles

  • Wendy's

    1.25 miles

  • Outback Steakhouse

    1.29 miles

  • Boston Market

    1.35 miles

  • Little Nick's

    1.73 miles

  • Aji 10

    1.96 miles

  • Wendy's

    1.99 miles

  • Fat Cat Pie Company

    1.99 miles

  • Silvermine School

    0.76 miles

  • All Saints Catholic School

    0.77 miles

  • West Rocks Middle School

    0.93 miles

  • Kolburne School

    1.09 miles

  • Parkway Christian Academy

    1.47 miles

  • Tracey Magnet School

    1.57 miles

  • Ponus Ridge Middle School

    1.62 miles

  • Cranbury Elementary School

    1.66 miles

  • Center School

    1.67 miles

  • Kendall School

    1.85 miles

  • Landmark Preschool (Westport Campus)

    3.24 miles

  • Early Advantage

    8.82 miles

  • Children's Learning Centers of Fairfield County

    9.22 miles

Frequently Asked Questions

What is the total square footage of Merritt on the River?

Merritt on the River totals 244,800 square feet.

When was this property built?

Merritt on the River was built in 1920.

When was Merritt on the River last sold?

Merritt on the River was last sold on 15 Jun, 1999.

What is the property tax for Merritt on the River?

The property tax for Merritt on the River in 2022 was $894,763.

What is the market value for Merritt on the River?

The market value* for Merritt on the River in 2022 was $51,767,086.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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