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

Property Image
SOLD
$19,911,000
Michael Moreno
Rahul Chhajed

Connecticut

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Medical Office26,000 SF
Sold 12/22/2025
the dealplayerscompscontact
Property Image
SOLD

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

1251 Farmington Avenue

See Similar Deals
Medical Office26,000 SF
Sold 12/22/2025
Michael Moreno
Rahul Chhajed
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:Medical Office
Price Per Square Foot:$765
Total Square Footage:26,000 SF
Transaction Type:Sale

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.

Players

Michael Moreno
Matthews
Michael Moreno
18 deals$116.4M volume(661) 369-4474
BROKER
Rahul Chhajed
Matthews
Rahul Chhajed
16 deals$104.9M volume
BROKER
Matthews
Matthews
BROKERAGE

Details

SOLD
IMAGE: Rahul Chhajed & Michael Moreno DATE: 12/22/2025 ADDRESS: 1251 Farmington Avenue MARKET: Bristol, CT ASSET TYPE: Medical Office BROKERS: Rahul Chhajed (@RahulChhajed_) & Michael Moreno (@MichaelMoreno1969) - Matthews (@Matthews_CRE) SALE PRICE: $19,911,000 SF: 26,000 ~ PPSF: $766 NOTE: Matthews closed the $19.9M sale of the 26,000-square-foot ProHealth Physicians medical office at 1251 Farmington Ave. in Bristol, Conn., representing a private retail-focused fund as buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,061,920.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$70,739.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,388.30
Annual Debt Service$1,132,659.58