40 Hart St
New Britain, CT 06052
Hart Street Medical Center · Office Property For Sale

Property tours are available by appointment ONLY. Please contact Bryan Atherton at 203-924-9400 or batherton@northeastir.com to schedule. Investment Highlights: ñ62,764 SF medical office building in New Britain, CT Value Add Investment Opportunity Rising Tenant Demand Excellent location across from The Hospital of Central Connecticut Approximately 20 Minutes from Hartford via I-84 to Route 9 15 minute walk to Downtown New Britain CTfastrak Station Redevelopment potential with variety of uses due to flexible A3 zoning Investment Overview: The Hart Street Medical Center (the "Property") is a ñ62,764 SF 3-story 4-building medical office complex located at 40 Hart Street in New Britain, Connecticut. The Property offers high-quality, efficient medical office space in an exceptional location across the street from The Hospital of Central Connecticut, a 446-bed teaching hospital and largest employer in New Britain. It consists of 4 adjacent buildings constructed between 1966 and 1990, with a total of 26 suites, ranging in size from ñ958 to ñ6,406 SF. There are currently 3 tenants occupying ñ4,312 SF (ñ6.87% GLA), with average annual rents of approximately $23.63 PSF. The co The complex has direct access to free on-site parking with ñ340 surface spaces (6/1,000 SF ratio). In addition, the Property's flexible A3 Zoning allows for a wide variety of uses including, but not limited to, multi-family housing, nursing homes, professional offices, and hospital use, making the asset a viable redevelopment site. New Britain's business community is a rich mix of manufacturing, medical, high-tech industry and small to mid-sized businesses, which fuel the regional economy. Central Connecticut State University also has proved to be a fantastic partner for business development and support. New Britain is a city that has invested in itself, which in turn has attracted major developers. Recent public development includes the CTfastrak transit system, connecting commuters to Downtown Hartford in ñ15 minutes. Approximately $100 million dollars of development is in the pipeline in Downtown New Britain.