SSKI Management Acquires Medical Office Complex In Farmington For $7 Million From Northpoint Management

A medical office building complex located at 1088 Farmington Avenue in Farmington, CT has been sold for $7 million. The asset is part of a larger medical and office building complex situated at the intersection of Forest Park Drive and Farmington Avenue, and it is anticipated that SSKI Management will undertake renovations on the campus while preserving its current medical office use.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $7,000,000
• Buyer: SSKI Management
• Seller: Northpoint Management
• Broker: Michael Guidicelli - Regions Commercial Real Estate Advisors
• Closing Date: 12/20/2024

This transaction included representation by Michael Guidicelli of Regions Commercial Real Estate Advisors, who facilitated the deal between SSKI Management from Texas and Northpoint Management, the seller. The transaction highlights the ongoing investment in medical office properties within the Farmington market.