Updated Oct 28, 2024
The Fremont Group Sells Office Building In East Hartford, CT For $50M
255 Pitkin Street, East Hartford, Connecticut 06108, United States
$50,000,000
Building Size
—
Asset Type
Office
Closing
Jul 26, 2022
About this deal
AI
The office property located at 255 Pitkin St & 101 East River Drive in East Hartford, CT has been sold for a total price of $50,000,000. The transaction took place on 07/27/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $50,000,000
- Seller: The Fremont Group
- Brokers: Patrick Mulready & John McCormick - CBRE and Cory Gubner & Alex Haendler - Newmark
The sellers of the property were The Fremont Group. The deal was facilitated by the following brokers: Patrick Mulready and John McCormick from CBRE, and Cory Gubner and Alex Haendler from Newmark.
On the Map
$50,000,000
Office
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Players
East Hartford 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93