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Elite Properties LLC Acquires Ken-Mike Medical Building In Orange For $4.135M

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SOLD
$4,135,000

Connecticut

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Medical Office30,000 SF
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Property Image
SOLD

Elite Properties LLC Acquires Ken-Mike Medical Building In Orange For $4.135M

325 Boston Post Road

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Medical Office30,000 SF
Sold
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:Medical Office
Price Per Square Foot:$137
Total Square Footage:30000 SF
Transaction Type:Sale

The sale of the Ken-Mike Medical Building at 325 Boston Post Road in Orange, CT, has been finalized for $4,135,000. This Medical Office spans 30,000 square feet, equivalent to a price per square foot of $138.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $4,135,000
  • Address: 325 Boston Post Road
  • Market: Orange, CT
  • Buyer: Elite Properties LLC
  • Seller: Ken-Mike Corp
  • Broker: Robert Benedetto - Arnold Peck's Commercial World

Arnold Peck's Commercial World facilitated the sale, providing another significant addition to its portfolio. The transaction involved key players such as Elite Properties LLC as the buyer and Ken-Mike Corp as the seller, with representation from Robert Benedetto of Arnold Peck's Commercial World.

Players

Robert Benedetto
Arnold Peck's Commerical World
Robert Benedetto
1 deal$4.1M volume
BROKER

Details

SOLD
IMAGE: 03/22/2024 ADDRESS: 325 Boston Post Road MARKET: Orange, CT ASSET TYPE: Medical Office BUYER: Elite Properties LLC SELLER: Ken-Mike Corp BROKER: Robert Benedetto - Arnold Peck's Commerical World SALE PRICE: $4,135,000 SF: 30,000 ~ PPSF: $138 NOTE: Arnold Peck's Commercial World finalizes the sale of the Ken-Mike Medical Building at 325 Boston Post Rd. for $4.135 million, adding another landmark property transaction to its portfolio.

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

$220,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,690.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,602.01
Annual Debt Service$235,224.11