Updated Dec 26, 2025
Private Retail-Focused Fund Acquires ProHealth Physicians Medical Office In Bristol For $19.91M
1251 Farmington Avenue
$19,911,000
$765/SF
Building Size
26,000 SF
Asset Type
Medical Office
Closing
Dec 22, 2025
About this deal
AI
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.
On the Map
$19,911,000
$765/SF
Medical Office
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Players
Bristol Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93