Updated May 21, 2025
Phoenix Realty Management Secures $7.5M Loan For Medical Office At 1260 Silas Deane Highway
1260 Silas Deane Highway
$7,500,000
Building Size
—
Asset Type
Medical Office
Closing
May 21, 2025
About this deal
AI
A medical office building located at 1260 Silas Deane Highway in Wethersfield, CT, measures 55,000 sq. ft. The transaction involved a financing arrangement of $7,500,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $7,500,000
- Address: 1260 Silas Deane Highway
- Market: Wethersfield, CT
- Landlord: Phoenix Realty Management
- Brokers: Andrew Stewart, Brandon Szwalbenest & Dev Morris - Cronheim Mortgage
Cronheim Mortgage facilitated the financing arrangement for the medical office building, showcasing the involvement of brokers Andrew Stewart, Brandon Szwalbenest, and Dev Morris in the deal.
On the Map
$7,500,000
Medical Office
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Players
Wethersfield Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93