Private Retail-Focused Fund Acquires ProHealth Physicians Medical Office In Bristol For $19.91M

The medical office asset involved in this transaction is located at 1251 Farmington Avenue in Bristol, CT. The property encompasses a total area of 26,000 square feet and was sold for a transaction amount of $19,911,000, indicating a price per square foot of $766.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $19,911,000
• Square Footage: 26,000
• Address: 1251 Farmington Avenue
• Market: Bristol, CT

Rahul Chhajed and Michael Moreno of Matthews represented a private retail-focused fund in this sale. The transaction reflects a strategic acquisition in the medical office sector, showcasing the involvement of experienced brokers in facilitating the deal.