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
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