Medical/Office Portfolio
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Medical/Office Portfolio
5 Office Properties Offered at $11,250,000 in Multiple Locations
Investment Highlights
- Three Property Medical/Office Portfolio. Offered by original builder/developer. Approximately 70% Medical Tenants
- Approximately 66,000 sq. ft - 97 % current occupancy. Gross Scheduled Income of $1,286,000 with current annual NOI of $970,240.00
- Tenants pay individual HVAC & electric and most interior maintenance. Limited owner responsibilites.
- Properties include Twin Ponds Centre - Tolland, Windham Professional Park - Windham & Ledgebrook North - Mansfield
- Current Cap Rate on asking price is 8.62%. Scheduled annual lease rent increases of 2-3% or CPI.
- Properties are strategically located in close proximity to each other for easy and centralized Managment, Maintenance & Leasing.
Executive Summary
Three property Medical/Office Portfolio. Total of approximately 66,000 sq. ft. Current Gross income $1,286,000. Strong medical tenant base of approximately 70% includes national tenants such as DaVita Dialysis. Strategically located in Tolland, Mansfield & Windham CT in close proximity for centralized managment, mainteance and leasing. Approximatel 97% current occupancy. Minimal owner responsibilities. Limited interior common areas. Tenants pay individual HVAC, electric & most interior maintenance thru the course of their leases.
Most leases have scheduled annual rent increases of 2-3% or CPI adjustment.
For Sale by oringal builder/developer.
Most leases have scheduled annual rent increases of 2-3% or CPI adjustment.
For Sale by oringal builder/developer.
Property Facts
| Price | $11,250,000 | Number of Properties | 5 |
| Price / SF | $171.06 / SF | Individually For Sale | 0 |
| Cap Rate | 8.62% | Total Building Size | 65,766 SF |
| Sale Type | Investment | Total Land Area | 13.92 AC |
| Status | Active |
| Price | $11,250,000 |
| Price / SF | $171.06 / SF |
| Cap Rate | 8.62% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 65,766 SF |
| Total Land Area | 13.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 375 Tuckie Rd, North Windham, CT 06256 | Office | 14,970 SF | 1988 | - |
| 6 Ledgebrook Dr, Mansfield Center, CT 06250 | Office | 5,496 SF | 1992 | - |
| 18 Ledgebrook Dr, Mansfield, CT 06250 | Office | 6,000 SF | 1997 | - |
| 384 Merrow Rd, Tolland, CT 06084 | Office | 32,500 SF | 1988 | - |
| 12 Ledgebrook Dr, Mansfield Center, CT 06250 | Office | 6,800 SF | 1997 | - |
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Medical/Office Portfolio
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