For Sale
$1,350,000
357 Hartford TpkeVernon, CT 06066
High-Yield Medical Office Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $1,350,000 asking price for a 9,150 sq ft medical office building in Vernon, CT.
- Net lease investment with a modified lease structure, 8.52% cap rate, and $115,013 NOI.
- 100% occupancy with two credit-rated corporate tenants (Starling Physicians and Integrated Dermatology Group) under a multi-tenant lease.
- 4.9 years remaining lease term with 2 x 5-year lease options and 2.5% annual rent bumps.
- Located on Hartford Turnpike with high daily traffic volume and proximity to I-84, serving a large population within a 5-mile radius.
- Well-maintained property with no known deferred maintenance, owned and managed on-site since construction.
Property Details for 357 Hartford Tpke
- Property type
- Office properties, Medical offices
- Square Feet
- 9,150 SF
- Year Built
- 1984
- Buildings
- 1
- Lot Size (sq. ft)
- 50,094 SF
Location Insight
- City
- Vernon
- County
- Tolland
- State
- Connecticut
- Latitude
- 41.8280705
- Longitude
- -72.4874206
357 Hartford Tpke, Vernon, Connecticut
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