facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

traded

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Connecticut

/

Medical Office

/

Loan

/

1260 Silas Deane Highway

Phoenix Realty Management Secures $7.5M Loan For Medical Office At 1260 Silas Deane Highway
FINANCEDMedical Office

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

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:

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.

Players

Dev Morris

Cronheim Mortgage

Broker

$616.4M

vol

25 deals

Broker

Wethersfield Medical Office Market Snapshot

Boundary boundary · Medical Office · Loan transactions

Loading comparables…

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