Bridgeport’s Lafayette Square listed for sale

Hilco Real Estate LLC has listed the downtown Bridgeport commercial property Lafayette Square for sale.

The property encompasses a roughly 121,000-square-foot seven-story office building with an adjacent three-story mixed-use retail structure that covers roughly 9,000 square feet. The larger building is 65% leased to a mix of communications, legal and governmental tenants while the smaller building features a steakhouse restaurant as its ground floor tenant. The property also features a private parking lot accommodating 350 spaces.

“This offering also presents the opportunity to assume a loan at a favorable 4.81% interest rate with approximately 36 months remaining,” said the property listing. “The prime location, combined with the assumable loan and current annual rent of $1,767,732, provides an excellent opportunity for investors looking to contribute to the vitality of Bridgeport’s dynamic downtown area.”

There is a March 13 deadline for bids on the property.