Merritt 8 Corporate Park

Property Type Office - General Office
Property Size 175,483 SF
Lot Size 8.62 Acre
Parking Spaces Avail. 647
Parking Ratio 3.69/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1989

Location

Map
Street

City Stratford, CT
Neighborhood North End Stratford
Zip Code 06614
Market Bridgeport New Haven

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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Documents

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Sales

Purchase Date 02 Jun, 2011
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 Stratford

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

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Stratford Office Market

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

2020 Avg. Asking Rent $19.55
2020 Office Vacancy Rate 22.17%
2020 Office Completions (SF)

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Tax

Property Tax in 2021 $467,516
Market Value* $16,921,200
Assessed Value $16,921,200

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Merritt 8 Corporate Park?

Merritt 8 Corporate Park totals 175,483 square feet.

When was this property built?

Merritt 8 Corporate Park was built in 1989.

When was Merritt 8 Corporate Park last sold?

Merritt 8 Corporate Park was last sold on 02 Jun, 2011.

What is the property tax for Merritt 8 Corporate Park?

The property tax for Merritt 8 Corporate Park in 2021 was $467,516.

What is the market value for Merritt 8 Corporate Park?

The market value* for Merritt 8 Corporate Park in 2021 was $16,921,200.
*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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