6,500 SF of Milford Office Space at $7.00/SF, Modified Gross

262 Depot Rd is a 13,000 SF office building in Milford, Connecticut, with 6,500 SF available for immediate occupancy. The space is offered at $7.00 per square foot per year on a Modified Gross structure, which puts the tenant's annual rent at $45,500, or $3,792 per month. The Modified Gross structure matters here. Rather than layering unpredictable operating pass-throughs on top of base rent, the tenant carries a defined obligation, which makes budgeting straightforward for a growing office user or a company consolidating from multiple locations. Terms of three to five years are available, giving tenants a choice between near-term flexibility and longer-term rate certainty. Half of the building remains available, so the footprint suits a single user seeking a substantial contiguous block in Milford. With availability listed as immediate, a tenant can move on its own timetable rather than waiting on a delivery date. Milford's office availability is thin — market data for the submarket shows just three active listings and an average of four days on market — so tenants working a Milford requirement should expect to act quickly.

262 Depot Rd sits in Milford, Connecticut, 06460, along the state's coastal corridor in New Haven County. Milford supports a broad mix of office, retail, and service users, and Depot Rd places a tenant within an established commercial pocket of the city. Market data for the Milford office submarket points to a tight leasing environment: three active listings, an average asking price of $2,489.67, a median asking price of $2,450, and an average of four days on market. Recent investment sales in Milford span a wide range of building sizes and price points — from 860 Campbell Ave at 548 SF for $190,000 in May 2024 to 440 Wheelers Farms Rd at 169,116 SF for $4,450,000 in June 2024, with mid-sized transactions including 334 Main St (8,568 SF, $700,000, August 2024) and 560 Sawmill Rd (27,486 SF, $2,600,000, July 2024). Those figures describe the broader Milford market, not this property, but they illustrate steady transaction activity across the city's commercial inventory.