Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$445
Total Square Footage:7,726 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$183,552.70
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,227.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,315.00
Annual Debt Service$195,780.02
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