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178 Hartford Road

178 Hartford Road
SOLDOffice

178 Hartford Road

178 Hartford Road

$3,441,613

$445/SF

Building Size

7,726 SF

Asset Type

Office

Closing

Aug 29, 2024

AI

The property asset involved in this transaction is located at 178 Hartford Road in Manchester, CT. This office asset encompasses a total square footage of 7,726 and was sold for a price of $3,441,613, translating to a price per square foot of $445.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,441,613
  • Square Footage: 7,726
  • Price per Square Foot: $445
  • Address: 178 Hartford Road
  • Market: Manchester, CT

This transaction was facilitated by brokers Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia, and Ryan Duffy, representing NNN Pro Group. The broker of record for this sale is Bang Realty-New England, Inc, which worked alongside NNN Pro in arranging the sale of the Sight MD medical office.

Players

Josh Kanter

Surmount

Broker

$626.3M

vol

100 deals

Broker

Manchester Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.61%

Cash-on-Cash

-1.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93