191 Elm Street Brochure v3 - LoopNet
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For more information, please contact: CAPITAL MARKETS 107 Elm Street, 8 th Floor Stamford, CT 06902 www.cwprivatecapitalgroup.com AL MIRIN Executive Managing Director Capital Markets (203) 326 5822 [email protected] KATE SCHWARTZ Associate Capital Markets (203) 326 5804 [email protected] MATTHEW TORRANCE Director Capital Markets (203) 326 5838 [email protected] The depiction in the included photograph of any person, entity, sign, logo or property, other than the property offered by Cushman & Wakefield, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield. This information shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any broker. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific conditions, imposed by our principals. Cushman & Wakefield’s Capital Markets Group is pleased to offer for sale 191 Elm Street in New Canaan, Connecticut for $1,750,000. 191 Elm Street is a 2,072± SF two-story office building that is part of a four-building condominium complex located across the street from the New Canaan Metro-North Train Station—approximately 200’ from the train platform—and within walking distance of the Town Center’s upscale retail and restaurant inventory centered along Elm and Main Streets. The property will be delivered vacant and provides eight reserved parking spaces, a sought-after amenity in the downtown/train station area of New Canaan. NEW CANAAN, CONNECTICUT 191 ELM STREET OFFERING DETAILS Building Size 2,072± SF / two stories (+ 1,036± SF basement & 1,036± SF attic) Parking / Ingress-Egress 8 reserved spaces in a shared lot / 2 curb cuts on Elm Street Year Built 1987 Zone Business Zone A Construction Concrete slab foundation with wood frame/joist/beam construction Land Size 0.13± acres FOR SALE // OWNER-OCCUPANT OPPORTUNITY
Transcript of 191 Elm Street Brochure v3 - LoopNet
For more information, please contact:
CAPITAL MARKETS107 Elm Street, 8th Floor
Stamford, CT 06902www.cwprivatecapitalgroup.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than the property offered by Cushman & Wakefield, is incidental only, and is not intended to connote any affiliation, connection,association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield. This information shall not be deemed an offer to lease, sublease or sell such property; and, in the event of anytransaction for such property, no commission shall be earned by or payable to any broker. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same issubmitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific conditions, imposed by our principals.
For more information, please contact:
CAPITAL MARKETS107 Elm Street, 8th Floor
Stamford, CT 06902www.cwprivatecapitalgroup.com
AL MIRINExecutive Managing DirectorCapital Markets(203) 326 [email protected]
KATE SCHWARTZAssociateCapital Markets(203) 326 [email protected]
MATTHEW TORRANCEDirectorCapital Markets(203) 326 [email protected]
The depiction in the included photograph of any person, entity, sign, logo or property, other than the property offered by Cushman & Wakefield, is incidental only, and is not intended to connote any affiliation, connection,association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield. This information shall not be deemed an offer to lease, sublease or sell such property; and, in the event of anytransaction for such property, no commission shall be earned by or payable to any broker. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same issubmitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific conditions, imposed by our principals.
Cushman & Wakefield’s Capital Markets Group is pleased to offer for sale 191 Elm Street in New Canaan,Connecticut for $1,750,000.
191 Elm Street is a 2,072± SF two-story office building that is part of a four-building condominium complexlocated across the street from the New Canaan Metro-North Train Station—approximately 200’ from the trainplatform—and within walking distance of the Town Center’s upscale retail and restaurant inventory centeredalong Elm and Main Streets. The property will be delivered vacant and provides eight reserved parking spaces, asought-after amenity in the downtown/train station area of New Canaan.
NEW CANAAN, CONNECTICUT191 ELM STREET
AL MIRINExecutive Managing DirectorCapital Markets(203) 326 [email protected]
KATE SCHWARTZAssociateCapital Markets(203) 326 [email protected]
MATTHEW TORRANCEDirectorCapital Markets(203) 326 [email protected]
OFFERING DETAILS
Building Size 2,072± SF / two stories(+ 1,036± SF basement & 1,036± SF attic)
Parking / Ingress-Egress
8 reserved spaces in a shared lot / 2 curb cuts on Elm Street
Year Built 1987 Zone Business Zone A
Construction Concrete slab foundation with wood frame/joist/beam construction Land Size 0.13± acres
FOR SALE // OWNER-OCCUPANT OPPORTUNITY
Site Plan is for illustrative purposes only.
ELM STREET COMMUNITY BYLAWS
SECTION 5.1 – Number of Units The Common Interest Community upon creation contains four Units consisting of four buildings on the Property. One Unit,Building 191, is the Unit subject to Development Rights to subdivide it into two Units. The declarants reserve the right to create up to a total of 5 Units on theProperty, to convert 191 into two Units and into related Common Element and Limited Common Elements.
(b) Units within Building 191: Upon subdivision of Unit 191 into two Units, the boundaries will be as the amendment to the Declaration subdividing the Unitdescribes.
(c) Storage Areas: Units 191 has a basement and an attic; the basement receives special treatment if Unit 191 is subdivided.
SECTION 10.1 – Use Restrictions Subject to the Special Declaration Rights reserved under Article VIII, the following use restrictions apply to all Units and to theCommon Elements. It must be noted that pursuant to Section 47-236(d) of the Act and Section 15.4 of the Declaration use restrictions may not be amendedwithout unanimous consent of the Units Owners
(a) Units shall be used for business offices or professional offices only, as such offices are regulated by the Zoning Regulations of New Canaan; norecreational, residential or restaurant use is permitted.
(b) Basement storage and attic storage in Unit 191 may only be used for purposes customarily incidental and subordinate to said office use, subject to theZoning Regulations of New Canaan; no recreational or residential use is permitted and no food or beverage storage is permitted.
(c) The Common Interest Community will not be used for any other purpose.
SECTION 10.2 – Occupancy Restrictions The following occupancy restrictions apply to all Units and Common Elements. Pursuant to Section 47-236 of the Actand Section 15.1 of the Declaration, the occupancy restrictions under this subsection and the subsequent subsection may be amended by a vote of the UnitOwners to which sixty-seven percent of the Votes of the Association are allocated.
(a) Each Unit owner will keep the Common Interest Community andall fixtures, furnishings and personal property in a neat, clean andattractive condition.
(b) Each Unit owner will obtain and pay for all licenses and permits,which may be necessary in connection with the conduct of itsbusiness at the Common Interest Community.
(c) Each Unit owner will comply with both the specific provisions andthe spirit of the Declaration and will not engage in any activity thatwould violate either the specific provisions or the spirit of theDeclaration.
(d) No Unit Owner may place a load on any floor that exceeds thefloor load that the floor was designed to support. No unit Owner willinstall, operate, or maintain any item of heavy equipment or otherinstallation, except in a manner designed to achieve a properdistribution of weight.
(e) Each Unit owner may maintain a non-illuminated identification signat its main entrance. Any such sign will be in good taste. Its design,size and manner of installation, will be subject to approval by theExecution Board. Approval will not be unreasonably withheld, but willbe subject to all applicable regulations.
For a full list of regulations, see Declaration of Elms Commons Community.
// Coveted Downtown Location & Amenity Base 191 Elm Streetis located within walking distance of downtown New Canaan’svast array of upscale retail and restaurant inventory that iscentered along Elm and Main Streets (<0.1 mile west ofElm/Park Street intersection).
// Adjacent to Metro-North Train Station—Outstanding RegionalAccessibility 191 Elm Street is less than a 2 minute walk fromthe train station platform (66-72 minute ride to Grand CentralTerminal), as well as within an easy commuting distance of thearea’s primary transportation arteries—the Merritt Parkway(2.2± miles/Exit 37), Route 7 (5.1± miles), and Interstate 95(5.8± miles/Exit 15).
// Exceptional Demographics The property is situated in one ofthe most prestigious affluent communities in the Northeastwith 2015 estimated average household incomes totaling$260,250, an average housing value over $2 million, and aspending power of over $3 billion within a 5-mile radius.
// Owner-Occupant or Value-Add Opportunity 191 Elm Streetwill be delivered vacant, which presents an excellentopportunity to own rather than lease within the exclusiveNew Canaan Town Center or create significant valuethrough the lease-up of the available space.
// Attractive, First Class Work Environment The property hasbeen impeccably maintained, providing future ownershipwith well designed turnkey space that is complemented byan abundance of natural light provided by its unobstructedsouthern facing exposure.
// Office Condominium Campus Setting 191 Elm Street ispart of a four-building condominium campus that has 145’of frontage on Elm Street; the association by-lawsensure preservation and the high quality tenancy ofthe community.
// Reserved, High-Demand Parking The property has eightreserved parking spaces, an invaluable amenity in an areawhere parking is at a premium.
OFFERING HIGHLIGHTS
NEW CANAAN, CONNECTICUT
191 ELM STREET
ELM STREET COMMUNITY BYLAWS
SECTION 5.1 – Number of Units The Common Interest Community upon creation contains four Units consisting of four buildings on the Property. One Unit,Building 191, is the Unit subject to Development Rights to subdivide it into two Units. The declarants reserve the right to create up to a total of 5 Units on theProperty, to convert 191 into two Units and into related Common Element and Limited Common Elements.
(b) Units within Building 191: Upon subdivision of Unit 191 into two Units, the boundaries will be as the amendment to the Declaration subdividing the Unitdescribes.
(c) Storage Areas: Units 191 has a basement and an attic; the basement receives special treatment if Unit 191 is subdivided.
SECTION 10.1 – Use Restrictions Subject to the Special Declaration Rights reserved under Article VIII, the following use restrictions apply to all Units and to theCommon Elements. It must be noted that pursuant to Section 47-236(d) of the Act and Section 15.4 of the Declaration use restrictions may not be amendedwithout unanimous consent of the Units Owners
(a) Units shall be used for business offices or professional offices only, as such offices are regulated by the Zoning Regulations of New Canaan; norecreational, residential or restaurant use is permitted.
(b) Basement storage and attic storage in Unit 191 may only be used for purposes customarily incidental and subordinate to said office use, subject to theZoning Regulations of New Canaan; no recreational or residential use is permitted and no food or beverage storage is permitted.
(c) The Common Interest Community will not be used for any other purpose.
SECTION 10.2 – Occupancy Restrictions The following occupancy restrictions apply to all Units and Common Elements. Pursuant to Section 47-236 of the Actand Section 15.1 of the Declaration, the occupancy restrictions under this subsection and the subsequent subsection may be amended by a vote of the UnitOwners to which sixty-seven percent of the Votes of the Association are allocated.
(a) Each Unit owner will keep the Common Interest Community andall fixtures, furnishings and personal property in a neat, clean andattractive condition.
(b) Each Unit owner will obtain and pay for all licenses and permits,which may be necessary in connection with the conduct of itsbusiness at the Common Interest Community.
(c) Each Unit owner will comply with both the specific provisions andthe spirit of the Declaration and will not engage in any activity thatwould violate either the specific provisions or the spirit of theDeclaration.
(d) No Unit Owner may place a load on any floor that exceeds thefloor load that the floor was designed to support. No unit Owner willinstall, operate, or maintain any item of heavy equipment or otherinstallation, except in a manner designed to achieve a properdistribution of weight.
(e) Each Unit owner may maintain a non-illuminated identification signat its main entrance. Any such sign will be in good taste. Its design,size and manner of installation, will be subject to approval by theExecution Board. Approval will not be unreasonably withheld, but willbe subject to all applicable regulations.
For a full list of regulations, see Declaration of Elms Commons Community.
// Coveted Downtown Location & Amenity Base 191 Elm Streetis located within walking distance of downtown New Canaan’svast array of upscale retail and restaurant inventory that iscentered along Elm and Main Streets (<0.1 mile west ofElm/Park Street intersection).
// Adjacent to Metro-North Train Station—Outstanding RegionalAccessibility 191 Elm Street is less than a 2 minute walk fromthe train station platform (66-72 minute ride to Grand CentralTerminal), as well as within an easy commuting distance of thearea’s primary transportation arteries—the Merritt Parkway(2.2± miles/Exit 37), Route 7 (5.1± miles), and Interstate 95(5.8± miles/Exit 15).
// Exceptional Demographics The property is situated in one ofthe most prestigious affluent communities in the Northeastwith 2015 estimated average household incomes totaling$260,250, an average housing value over $2 million, and aspending power of over $3 billion within a 5-mile radius.
// Owner-Occupant or Value-Add Opportunity 191 Elm Streetwill be delivered vacant, which presents an excellentopportunity to own rather than lease within the exclusiveNew Canaan Town Center or create significant valuethrough the lease-up of the available space.
// Attractive, First Class Work Environment The property hasbeen impeccably maintained, providing future ownershipwith well designed turnkey space that is complemented byan abundance of natural light provided by its unobstructedsouthern facing exposure.
// Office Condominium Campus Setting 191 Elm Street ispart of a four-building condominium campus that has 145’of frontage on Elm Street; the association by-lawsensure preservation and the high quality tenancy ofthe community.
// Reserved, High-Demand Parking The property has eightreserved parking spaces, an invaluable amenity in an areawhere parking is at a premium.
OFFERING HIGHLIGHTS
NEW CANAAN, CONNECTICUT
191 ELM STREET
For more information, please contact:
CAPITAL MARKETS107 Elm Street, 8th Floor
Stamford, CT 06902www.cwprivatecapitalgroup.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than the property offered by Cushman & Wakefield, is incidental only, and is not intended to connote any affiliation, connection,association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield. This information shall not be deemed an offer to lease, sublease or sell such property; and, in the event of anytransaction for such property, no commission shall be earned by or payable to any broker. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same issubmitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific conditions, imposed by our principals.
For more information, please contact:
CAPITAL MARKETS107 Elm Street, 8th Floor
Stamford, CT 06902www.cwprivatecapitalgroup.com
AL MIRINExecutive Managing DirectorCapital Markets(203) 326 [email protected]
KATE SCHWARTZAssociateCapital Markets(203) 326 [email protected]
MATTHEW TORRANCEDirectorCapital Markets(203) 326 [email protected]
The depiction in the included photograph of any person, entity, sign, logo or property, other than the property offered by Cushman & Wakefield, is incidental only, and is not intended to connote any affiliation, connection,association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield. This information shall not be deemed an offer to lease, sublease or sell such property; and, in the event of anytransaction for such property, no commission shall be earned by or payable to any broker. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same issubmitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific conditions, imposed by our principals.
Cushman & Wakefield’s Capital Markets Group is pleased to offer for sale 191 Elm Street in New Canaan,Connecticut for $1,750,000.
191 Elm Street is a 2,072± SF two-story office building that is part of a four-building condominium complexlocated across the street from the New Canaan Metro-North Train Station—approximately 200’ from the trainplatform—and within walking distance of the Town Center’s upscale retail and restaurant inventory centeredalong Elm and Main Streets. The property will be delivered vacant and provides eight reserved parking spaces, asought-after amenity in the downtown/train station area of New Canaan.
NEW CANAAN, CONNECTICUT191 ELM STREET
AL MIRINExecutive Managing DirectorCapital Markets(203) 326 [email protected]
KATE SCHWARTZAssociateCapital Markets(203) 326 [email protected]
MATTHEW TORRANCEDirectorCapital Markets(203) 326 [email protected]
OFFERING DETAILS
Building Size 2,072± SF / two stories(+ 1,036± SF basement & 1,036± SF attic)
Parking / Ingress-Egress
8 reserved spaces in a shared lot / 2 curb cuts on Elm Street
Year Built 1987 Zone Business Zone A
Construction Concrete slab foundation with wood frame/joist/beam construction Land Size 0.13± acres
FOR SALE // OWNER-OCCUPANT OPPORTUNITY
Site Plan is for illustrative purposes only.
