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
Manchester Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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