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76 Batterson Park Road, Far...

Mental Health Connecticut, Inc Leases Office Space At 76 Batterson Park Rd In Farmington, CT With Tenant's Rep Alan Fischer, CCIM, SIOR
LEASEDOffice

Mental Health Connecticut, Inc Leases Office Space At 76 Batterson Park Rd In Farmington, CT With Tenant's Rep Alan Fischer, CCIM, SIOR

76 Batterson Park Road, Farmington, Connecticut 06032, United States

Building Size

6,803 SF

Asset Type

Office

Closing

Mar 3, 2022

AI

The leased property at 76 Batterson Park Rd in Farmington, CT has been recently transacted. The asset type involved in this transaction is an office space. The landlord of the property is Pond, LLC, while the tenant is Mental Health Connecticut, Inc. The lease terms for this transaction are for a period of 7 years.

Summary of transaction details:

  • Property Type: Office
  • Asking Rent: $159/ft (~SF: 6,803)
  • Lease Terms: 7 year lease
  • Address: 76 Batterson Park Rd, Farmington, CT
  • Market: Farmington, CT

The landlord was represented by John Cafasso, CCIM, SIOR from Colliers International. On the other hand, Alan Fischer, CCIM, SIOR from Fischer Real Estate represented the tenant in the deal.

Players

John Cafasso

Colliers

Broker

$39.4M

vol

5 deals

Broker

Farmington Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93