The Sheffield SoNo Norwalk, Connecticut

Execute CA

The Offering

Address

55 N Water Street
Norwalk, CT

As an exclusive agent, Cushman & Wakefield is pleased to offer for sale a 100% fee interest in The Sheffield SoNo, a luxury mixed-use investment opportunity.

The Sheffield SoNo is comprised of 136 rental apartments and 26,548 square feet of commercial space located in the dynamic neighborhood of South Norwalk, Connecticut, known locally as ‘SoNo’. Completed in 2007 and featuring an attractive mix of one and two bedroom floorplans, The Sheffield SoNo is poised to unlock significant rental upside by enhancing unit and common area finishes, all while preserving its competitive positioning in the expanding market.

The community benefits from a full suite of on site amenities, including a pool, grilling station, fitness center, interior fireplace, co-working area, and underground parking for added convenience. Enhancing The Sheffield SoNo’s appeal is its prime location in the heart of the vibrant SoNo neighborhood, offering residents exceptional convenience and direct access to one of Connecticut’s most dynamic live-work-play communities.

Investment Highlights

• Direct access to I-95, Route 7, Merritt Parkway, Metro North and Amtrak giving residents multiple options to transport/commute throughout the region

• Surrounded by Economic Drivers located less than a mile from Norwalk Hospital (Norwalk's Largest Employer) and are nearby to Norwalk’s 5 Fortune 100 Companies as well as Fairfield University which has over 5,000 Undergrad students and thousands of employees

• Strategic opportunity to refresh unit finishes and increase revenue while sustaining a pricing edge

• Commercial space is 89% leased with weighted average lease term of 7.25 years, anchored by Chase as credit tenant

• High-income market with $145K average household income

• Beneficiary of suburban flight to Fairfield County offering a thriving downtown, reasonable commutes, and amenity-rich location