Updated Dec 4, 2024
Elite Properties LLC Acquires Ken-Mike Medical Building In Orange For $4.135M
325 Boston Post Road
$4,135,000
$137/SF
Building Size
30,000 SF
Asset Type
Medical Office
Closing
Mar 22, 2024
About this deal
AI
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.
Orange 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
3.84%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93